Activity Allocation and Billing 

Purpose

Comprises all of the functions for settling fees in Training Management, as well as the functions for recording costs and cost transfer posting. In addition, this describes all other functions that are in any way connected with fee processing in Training Management. This includes:

·        Billing, which involves creating invoices and credit memos for participation and cancellation fees

·        Internal Activity Allocation, which involves settling participation and cancellation fees and instructor costs

·        Cost Transfer Posting, which involves transfer posting of course costs in which the cost center of the resource is credited and the cost center of the organizer is debited

·        Price Proposal, which involves calculating a price proposal on the basis of the cost items stored for a course. The proposed price can be adopted as the course price.

·        Budgeting, which involves creating a training and education budget for organizational units and comparing budgets with the actual costs accrued for training fees