To set up allocation rules:

1. Define your allocation bases (e.g., revenue, headcount, square footage)
2. Determine which costs or revenues need to be allocated
3. Create allocation formulas in the template
4. Apply these formulas consistently across all relevant entities
5. Review and adjust allocations periodically to ensure accuracy

Some best practices include:

• Consistently apply accounting policies across all entities
• Eliminate intercompany transactions and balances
• Adjust for differences in reporting periods if necessary
• Consider minority interests in partially-owned subsidiaries
• Document all adjustments clearly for audit purposes
• Regularly review and update adjustment procedures

To improve visibility:

1. Use standardized reporting templates across all entities
2. Implement a centralized data collection and consolidation process
3. Create dashboards that highlight key performance indicators for each entity
4. Set up regular financial review meetings with entity managers
5. Use variance analysis to identify and investigate significant deviations from expectations