Finance
Support costs
Formal definition
In finance, Support costs refers to an operating term used for structuring the general ledger, separating duties, and reporting management figures to control financial transactions.
What this actually means for you
Use Support costs to guide live decisions: standardize transaction codings, review cost allocations monthly, and separate authorization from execution rights, with ownership and reporting agreed at month-end and before trustee reporting cycles.
Example: At the next review checkpoint, Support costs is used in practice like this: the finance officer logs the entries with correct nominal codes and verifies segregation rules during review. Accountabilities are captured in team templates, reporting packs, and operating checklists.
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