Distribution can be used when an entry - e.g. Intercompany or Representation - needs to be distributed across multiple accounts.
The setup is done under Finance / Maintenance / Allocations & Accruals or directly on a financial account under Finance / Chart of accounts.
Watch a VIDEO about distributions. Allocations are described in minute 28:30 - 36:00 of the video. The first 28 minutes of the video describes accruals and the last 24 minutes describes draft tips and tricks.
For registration, see Cash journal entries.
Distributions
The general setup is shown here.- Create an Allocation/Accrual. (The first time the image is blank.)
- Tap on 'Add'.
- Enter the name.
- Go to 'Distribution lines'. (The first time the image is empty.)
- Tap on 'Add'.
- Enter the 'Allocation account' where the expense/income should be entered.
- Select a 'Fixed text' if necessary. (Can be set up under Finance / Accounting).
- Enter the type to use (Distribution or Accrual).
- Enter the percentage to be transferred from the account to the distribution account. (Or enter a fixed amount instead of a percentage.)
- Select a dimension if necessary.
For registration, see Cash journal entries.