How to Allocate G&A Expenses
Allocates General and Administrative (G&A) expenses to contract costs in accordance with CAS 410.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Work in Process - Contract G&A | Asset | 45,000.00 | - |
| G&A Expense Allocation Pool | Expense | - | 45,000.00 |
💡 Accountant's Note
Under Cost Accounting Standards (CAS), G&A is allocated based on a cost-input base to calculate the total cost of contract performance.
Practitioner & Systems Framework
💻 ERP Architecture
SAP S/4HANA Public Sector or Aerospace & Defense uses the Costing Sheet for these allocations.
⚠️ Audit Flags
Fluctuations in the G&A rate that differ significantly from provisional billing rates.
📄 Required Documentation
G&A pool computation and allocation base reconciliation.
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Discussion & Community Questions
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