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Allocate costs by department

Automatically apply expense allocation percent

Overview:

This function allows automatic dissection/allocation of expenses by department for specific GL accounts. When creating a Departmental Profit & Loss Report, the system will automatically allocate expenses to departments based on saved definitions.

Steps:

Starting from the main screen

1.     Navigate to ACCOUNTING > General Ledger > General Ledger Accounts 

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2.     Select the Department Allocations hyperlink 

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3.     Select or Enter the range for each allocation 

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  Department /GL Account Allocations
a Select or Enter the From GL Account 
b Select or Enter the To GL Account 
c Select or Enter the Department 
d Enter the Percentage 

4.     Select SAVE 

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When you run the Departmental Profit & Loss Report the % of the actual expenses posted to that range of GL Accounts will be allocated accordingly.