Processing a current cost model for closed periods
Why use this feature
You can now process cost models for a closed period. For example, your organization may run a cost process monthly during the current fiscal year when only certain periods close so that the debits and credits used to calculate the cost comes from the same time period.
How this feature works
What: When processing a current cost model, you can set the cost period end date so that Axiom acquires the last closed CGL and payroll data. This date must be within the model dates prior to the current period and include at least one period. For example, if a model has a January 1st start date and the current month is June, then the only months Axiom displays will be January through May.
Where: From the Enterprise Decision Support home page, in the Cost accounting section, click Modify a cost model.
Who: Users assigned the EDS User role profile.
How: Select the model from the Select cost model drop-down at the top of the cost model page. Under the Processes section, click Run automated cost process. To acquire the most recently closed CGL and payroll data, click the toggle to Yes, and from the Year and Month drop-downs, select the end date in which the CGL and payroll data were closed.
When processing a model within a model year, the processing dialog includes Year and Month drop-downs so that you can select the end date of the last closed month of CGL and payroll data to acquire and use in the model
Where to find more information
The following topics in the online help have been added or updated with information and instructions for using this feature:
