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New To NetSuite | Partial expense allocation schedule
The Expense Allocation Schedule feature is developed for streamlining the accounting procedure. The Allocation Schedules will allocate expenses across accounts or segments based on a defined, or fixed, breakout. We need to make sure, that we are allocating 100% of the source amount as the partial allocation is not currently possible.
Scenario:
User wants to split 50/50 expenses booked on a specific expense account from the Source Department to Controlling Department.
1. Navigate to Transactions > Financial > Create Allocation Schedules
2. Fill in all necessary fields in the header of the page
3. Under Source tab set source Account: “1910 Organization Expense”
4. Under Destination tab set the following:
Katerina Winklerova
Basic Accounting/ OTC/PTP Guru
