G/L Accounting for sales revenues across departments

Yahoo Archive
1
Hi James ...

The closest approximation to a form of revenue split
we have found within Vantage is to classify products
into Groups. Each Group can have a Sales account. This
method is flawed of course ... for reasons I'm sure
you can already name ... so we have settled on using
analytical reports built outside of Vantage in order to
develop a sense for the contribution to Sales by department.

If you come across a more elegant approach, especially one
contained solely within Vantage, I would love to hear more
about it.

Good luck.

Mike

-----Original Message-----
From: Jim Smith [mailto:jsmith@...]
Sent: Monday, March 11, 2002 4:34 PM
To: vantage@yahoogroups.com
Subject: [Vantage] G/L Accounting for sales revenues across departments


We normally sell parts that will migrate through multiple departments. When
a sale occurs the sales revenue is credited to the department that is
referenced in the part's master file even though it may account for only a
fraction of the time / expense incurred. We are trying to measure the
profitability of the departments within our company instead of just the
company as a whole. The expense side is easy to allocate to the individual
departments. Is there a way to have the revenue split between the various
departments involved at the time of invoicing?

Thanks in advance,

James Smith
Financial Coordinator
Lovejoy Chaplet Corporation
(518) 686-5232



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2
We normally sell parts that will migrate through multiple departments. When
a sale occurs the sales revenue is credited to the department that is
referenced in the part's master file even though it may account for only a
fraction of the time / expense incurred. We are trying to measure the
profitability of the departments within our company instead of just the
company as a whole. The expense side is easy to allocate to the individual
departments. Is there a way to have the revenue split between the various
departments involved at the time of invoicing?

Thanks in advance,

James Smith
Financial Coordinator
Lovejoy Chaplet Corporation
(518) 686-5232