functional expenses - expense allocation
It would be nice to be able to spread functional expenses across multiple categories by percentage. Currently manually splitting these out for audited financial statements. Very time consuming.
Allocation Tables: The ability to allocate expenses based on a standard allocation table. This will allow clients to easily allocate expenses for a multi-line voucher and will help in the allocation of expense across functional categories. Allocation Table will be a new menu item within Accounting. On the left hand menu select create. Name the new allocation table and complete the fields below for the revenue or expense accounts for the allocation using a decimal to represent the percentage. Once created, the allocation table can be assigned to a vendor record. When creating a account payable for the vendor the accounts will auto-populate and in the voucher record you can add the allocation amount. This will then populate the amounts based on the allocation table. Amounts can be edited within the voucher. The following permissions were added to manage access to Allocation Tables: Add File, Create, Delete, Display, Edit, List & Log.
-
Matt Greer commented
We have the same issue. Almost all of our expenses are spread over multiple categories so being able to use percentages is a must.