Split Distribution
General Ledger – Transaction Codes – Add
In invoice entry, to utilize a preset list of G/L accounts
that the invoice is normally charged, or a calculated percentage split, enter
the split code instead of account#/s. In
order to use a preset code, you must first create a transaction split code. Menu option is File – Transaction Codes.
Object Type is always SPLIT.
Ex. 1: The following example shows the setup for a flat
amount split distribution of telephone expense between (usually) five different
accounts.
Check the Flat rate and click the Splits button.
|
|
Add a transaction code name and description.
|
|
Object Type is usually a generic “Split” object type.
|
|
Add lines for each G/L account# normally charged for an
invoice that will use this Split Distribution code (TELEPHONE). The amount column is left blank so the
correct amount can be entered on the fly during invoice entry.
|
|
See Help Illustration for Invoice Entry on how to enter
invoices utilizing a split code.
Ex. 2: The following example shows the setup for a 50/50 percentage
split for telephone expense between two accounts.
The object type is usually a generic “Spilt” object
type.
|
|
Check the Split
Distribution box and whether this will be a percentage or flat rate split.
|
|
This code will be the splits code, which will
automatically divide the JE, P.O. or invoice amount into the accounts
assigned in this split.
|
|
You are now ready to set up the account numbers and the rate
to charge each.
Click the Add button to start adding splits.
|
|
If this is a percentage split,
the totals must add up to 100%.
|
|
Enter the percentage (or flat) rate and the account
number to be charged. This shows 50%
will be charged to this account.
|
|
This screen will also come up when you use this split code during
entry. It will allow you to change the splits on-the-fly. Here’s what it will look like during entry.
You can change the individual amounts or the % rate.
|
|
Note that you have the option to update the original
split if you wish.
|
|
