Shared Amounts

This section provides details on using the Shared Amounts feature when creating or editing an allocation.  

Shared amounts are cost component target amounts divided among different coverages. They are determined by the coverages and sharing type. 

1. From the Coverages section in the Allocations module, select Shared Amounts. 
2. Click Add Shared Amount.
   
3. Fill in the Shared Amounts form:
   • Select a Cost Component from the drop-down menu.
   • Select a unit of measure which will be either a value or a percentage. If you select a dollar value, the value will be the total cost of the shared amount. If you select a percentage, the amount of the cost component will be a percentage of the coverage costs selected.
   • Type in an Amount.
   • Select which Coverages the shared amount will be applied to.
   • Select a Sharing Type.
     
     If you select Proportionally, the amount will be shared based on the amount of each coverage's actual total (allocated, not target) as a percentage of the total actual (allocated, not target) of coverages selected.
     
     If you select Equally, the amount will be divided by the number of cost components in the Shared Across selection. 
     
     Read more about how shared costs are calculated.
     
     View How Costs Are Shared Proportionally
     
     View How Costs Are Shared Equally

4. Click Save Shared Amounts. Add additional shared amount rows as needed.
   

5. When finished, the Target section will show how shared amounts are indicated. 
   
   Note that you will need to specify the Accounts and the Rates before the final shared amount will appear in the Target section.