Apply an allocation to an asset—Fixed Assets Management

Allocations allow you to distribute asset-related transactions across multiple dimensions. For example, you can automatically allocate 50% of a depreciation expense to the Marketing department and the remaining 50% to the Human Resources department.

The allocation field appears on all assets, but it is not supported for companies subscribed to Taxes. To use allocations, first enable and define them in your company.

You can assign additional dimensions on the asset as long as they are not already defined in the allocation. If you edit an allocation, only transactions moving forward will use the updated values.

Before you begin

• Set up transaction allocations for assets

Apply an allocation to a new asset

1. Go to Fixed Assets Management > All > Assets.

2. Create an asset.

3. In the Dimensions section, select an Allocation.

   You can only use an allocation that was created within your entity.

4. Optionally, add additional dimensions that are not already defined in the allocation.

   The allocation's location dimension will be automatically copied to the asset after you save.

5. Select Save.

Apply an allocation to an existing asset

To apply an allocation to an existing asset, edit the asset or transfer the asset.