Hello- We have a number of expense accounts for our Home Office that need to be allocated to our locations in the field. The issue we have is that we still need the expenses booked in our Home Office expense accounts. We currently allocate to the field by running monthly financials, getting the total for all G&A for the Home Office and an entry through a manual G&A allocation account for each location.
It can be better explained with an example. We have $300 in Professional Fees Expense and we have a Home Office Location and 3 Additional Locations in the field. We want to allocate this $300.00 between the 3 Locations.
Currently, this is what we are doing.
Professional Fees Home Office 300.00
Accounts Payable (300.00)
At month end we run reports and allocate to our additional locations manually:
G&A Allocation Location 1 100.00
G&A Allocation Location 2 100.00
G&A Allocation Location 3 100.00
G&A Allocation Home Office (300.00)
I am aware that GP can allocate Fixed/Variable amounts if you setup a shell account and list out the allocations. This feature does not work for what I am looking for because it never posts an entry to the allocation account.
We are looking for a feature that would auto post the entry below between the different locations while still being able to drill into Professional Fee’s Home Office to see what we spent for the year in G&A before allocating to locations. Does anyone know if GP has a feature like what I have described above?
