Expense Allocator is a tool that allows to set up rules and parameters for creating entries in GL journal based on posted GL entries in the division of dimensions. It helps you automatically form expense allocation, accruals and prepare financial results (profit or loss) and close accounting and financial period more than one a year if you need it.
- The tool is intended for accountants and finance managers. Normally used by the end of each reporting period – month, quarter, etc.
- Originally offered to retail and manufacturing businesses, it is now customized to all company types.
Why Expense Allocator
To create allocation entries usually requires lots of manual work that might cause errors. Moreover, correct calculations take quite a time. With Expense Allocator app you do all the above-mentioned steps automatically, with the minimum risk of errors and have schedule of allocation steps. This tool is easily set up by users for specific requirements.