Notifications
Announcements
No record found.
Is there a way to split invoices from specific vendors into some defined allocation?
I'm not sure how allocation works as yet and maybe that is the answer.
Thanks.
*This post is locked for comments
Hi,
What kind of allocation you mean?
Provide more details
Thanks for the feedback guys.
Here is a walkthrough of our current process:
Any invoice we receive from Acme Co. is recorded in our parent company and split between our subsidiaries using the following percentage (subsidiary A 20%, subsidiary B 30% and subsidiary C 50%). So, a $100 invoice, is recorded as a credit to payable in Parent Company A for $100, a debit to expense in Sub A for $20, debit to expense in Sub B for $30 and a debit to Sub C for $50.
Currently, we have a spreadsheet that keeps track of various percentages for the different methodologies of allocation for the different vendors and we enter the invoice amount in the spreadsheet to determine what the split is and then manually enter the information in NAV.
I guess the question I'm ultimately asking is, is there a better way of handling this process?
How many companies you have in your NAV System?
How you are treating Sub A, Sub B, Sub C etc in the NAV system?
Under review
Thank you for your reply! To ensure a great experience for everyone, your content is awaiting approval by our Community Managers. Please check back later.
As AI tools become more common, we’re introducing a Responsible AI Use…
We are honored to recognize Neeraj Kumar as our Community Spotlight honoree for…
These are the community rock stars!
Stay up to date on forum activity by subscribing.
