You know that equitably and accurately allocating expenses, correctly, across all your offices, is the only way to get an accurate picture of the true profitability of each location.

If a brokerage does not allocate expenses by office, it’s likely that offices which are losing money, are being carried by profitable ones.  You need expense allocation to generate a meaningful Profit and Loss by office.

Without which, its impossible to make decisions about the viability of any given location.

Moreover, we need expense allocation to be able to calculate overhead per agent.  Without knowing the monthly overhead per agent, it's impossible to calculate the net profit, to the firm, of each salesperson.  Luckily, darwin Cloud has a newly enhanced tool, that makes expense allocation by office fast, accurate and simple.

1. Click Bills menu
2. Click Enter bills
3. Click divide expense button

step 1

4. Select company from the dropdown list
5. Choose from the option, divide between - Offices

step 2

6. Check off one of the office billing groups previously set up
   • a billing group is a pre-determined list of the offices that should be charged for a bill, and what percentage they should be charged
7. Click next

step 3

9. Choose the Expense account to use for the bill
10. Use the magnifying glass to select the vendor to be paid
    • a new window will appear, fill in accordingly
11. Enter the date of the bill
12. Enter the total amount
13. Enter a description of what the bill is for
14. Click next

step 4

15. Choose if you want the bill:
    • to be automatically posted
    • to be created and saved, but not posted, make more changes to the bill before finalizing
16. Click finish

When the wizard is complete, user can view the voucher that was created by the wizard.