Forum Discussion

MichaelaH's avatar
8 months ago

Manually allocating costs to different divisions

Can someone tell me how I can manually allocate part or whole of an invoice to different divisions, please?   As an example If I purchase marketing material that is shared between two separate div...
  • Princess_R's avatar
    8 months ago

    Hi MichaelaH,

     

    Thank you for your response.

     

    To allocate costs further within your divisions, you can add a new line item to another expense account. If there is no option for the specific expense account you need, you can create a new account from the chart of accounts. Kindly refer to this Help article, Adding, Editing, and Deleting Accounts. 

     

    It's important to consult with your accountant when creating or adding an account for cost allocation. They can provide valuable advice to ensure the account is set up correctly and aligns with your financial reporting needs.

     

    Feel free to create a new post again if you need further assistance.

     

    If my response has answered your inquiry, please click "Accept as Solution" to help other users find this information.

     

    Cheers,

    Princess