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New To NetSuite | Partial expense allocation schedule

edited Mar 27, 2024 3:41PM in Basic Accounting

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


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