Tag Archive: "Allocations"
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What’s New in Sage Intacct R1 of 2020
We surveyed Sage Intacct’s Release 1, 2020 (R1), and share our view of the relative importance of the seven major features spanning Cash Management, Inventory, User Interface, and Purchasing. Read on to learn what’s new in Intacct R1, 2020.
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CLA Allocations Management for Nonprofits – Part 1
If you’ve seen the video of CLA’s Allocations Management application, you might wonder how you could potentially use allocations in your company. Today’s post will target Nonprofit companies as we start our three-part series on specific scenarios in which NFP’s can take advantage of the allocations management application, how to set them up in allocations management, and completely eliminate that which is the time-consuming month end process of allocations.
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Intacct Standard Allocations
What factor do you use to allocate utility costs across dimensions? You can’t very well allocate all of the phone bill expenses to the Sales Department (even though they likely are the ones most frequently using the phone!). Do you run the General Ledger for a set account (or range of accounts and dimension filters) and then take that aggregate monthly amount and allocate by a percentage? OR do you enter the allocation at the time that you enter your AP bill? Therein lies lies the answer to whether you should use Intacct’s Standard Allocations or CLA’s Allocation Management. Today’s post will cover the topic of Intacct’s Allocation setup and use.