Learn how to automatically allocate expenses in your General Ledger.

In many organizations, prepaid expenses, depreciation, and accrued liabilities are allocated to cost centers monthly to assess profitability at a departmental level. If you have accounts with regularly allocated balances to departments or subaccounts, you can establish a master account for invoicing. This master account can be reconciled through reverse or offset entries to other accounts using GL Auto Distribution Setup. By performing allocations based on specific percentages, you can generate profit analysis reports and financial statements that accurately reflect departmental contributions.