Streamlining Expense Allocation with Automated Rules
This video explains how allocation rules in Acumatica Cloud ERP can automate the distribution of expenses, saving time and improving accuracy.
Challenges
Manual Expense Allocation: Many businesses manually allocate expenses, such as depreciation, across different branches and sub-accounts. This process is time-consuming and prone to errors, especially during month-end closing.
Solution and Benefits
- Automated Allocation Rules: Acumatica’s allocation rules feature enables businesses to automate the distribution of expenses based on predefined criteria, such as branch, account, and sub-account.
- Benefits:
- Time Savings: Automating this process eliminates the need for manual calculations and data entry, freeing up valuable time for other tasks.
- Accuracy: Automated rules ensure consistent and accurate expense allocation, reducing the risk of errors.
- Streamlined Month-End Close: Automated allocation rules simplify the month-end closing process by automatically generating GL batches that can be released together.
- Scheduled Allocation Runs: Allocation rules can be scheduled to run automatically at specific intervals, such as monthly, ensuring timely and consistent expense distribution.
With extensive experience in addressing diverse client scenarios, Tayana Solutions offers expertise in implementing, customizing, and supporting Acumatica Cloud ERP. For businesses seeking to optimise their processes and enhance efficiency, Tayana Solutions provides valuable support and guidance. Contact information for Tayana Solutions is available in the sources.