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Segregation of IT expenses to each department
Hi, Gurus,
as i know NetSuite have allocation expenses to split the cost from 1 gl account code from IT dept to the same gl account code to different relevant department.
Example :
100k from IT Department for Office365 License renewal, split to percentage of below department
IT : 20% x 100k = 20k
Accounts & Finance : 40% x 100k = 40k
Production department : 40% x 100k = 40k
That's said i run allocation expenses on Oct 2023 for above allocation.
Then on Nov 2023, i run again, would it takes total up the amount of 20k+100k for IT
And allocation to other department with this 120k from IT ?
Beside this features, is there any other way to segregate the expenses to other dept ?
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