Discussions
Join the NetSuite community to innovate, connect, and discover what’s next.
SuiteWorld brings thousands of innovators, builders, and leaders together to learn, connect, and shape what’s next. This October, explore how to build a stronger foundation for growth through inspiring keynotes, major product reveals, hands-on sessions, and unforgettable moments—all in one place for our biggest event of the year. Register now
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
