Allocation tables are available within the Accounting column of the home page and assist you in managing your vouchers and the expenses associated with them.
Create an Allocation Table
- Navigate to the Allocation Tables page and click Create in the left-side menu.
- Enter an Allocation Table Name.
- Enter the applicable information, and then click Create.
- Account, Description and Percent are required fields while adding a fund is optional.
- Account - The expense account that a portion of the voucher will be allocated to through the allocation table.
- Description - A brief description of the account or the table item.
- Percent - The percentage allocated to the expense account of the same row.
- Additional rows will appear as you fill out available rows.
- Percentages are expressed as decimal points, and you may view the total percent at the bottom of the area.
- Expenses will be allocated among the accounts by the percentages you set. For example, if an expense is $100, and you have .5 set to two accounts, $50 dollars will be automatically attributed to each account.
- To remove a row, click [delete] to the right of the row you would like to remove.
- Account, Description and Percent are required fields while adding a fund is optional.
Allocation tables can be selected when creating a voucher using the field available. Allocation amount is the dollar amount to be allocated through the allocation table selected.
Add Allocation Table to Vendor
Once an allocation table has been created, it can be added to a vendor's profile using the applicable field when editing or creating a vendor.