Add allocation codes

You can add allocation codes at various points. You can then link the cost centre to the ledger accounts.

To add an allocation code:

1. Go to: Financial / Allocation / Allocation code.
2. Click on: New.
3. Select the allocation axis.
4. Complete the fields.

   If applicable, enter a value for this allocation code in the Selection value field. You can make selections based on the Selection value in a number of allocation overviews.

5. Select the Track quantities check box if both amounts and quantities should be tracked for the allocation code. In this case both the amount and the quantity should be entered when posting entries.
6. Click on: Finish.

To add an allocation code for an axis:

1. Go to: Financial / Allocation / Allocation axis.
2. Open the properties of an allocation axis.
3. Click on: New.
4. Complete the fields.

   If applicable, enter a value for this allocation code in the Selection value field. You can make selections based on the Selection value in a number of allocation overviews.

5. Select the Track quantities check box if both amounts and quantities should be tracked for the allocation code. In this case both the amount and the quantity should be entered when posting entries.
6. Click on: Finish.

See also

• Configure the allocation, cost centres and cost units in HR/Payroll

  Profit HR/Payroll has its own chart of accounts and its own cost centres/cost units. You add these cost centres and cost units to the employer in HR/Payroll.