Please can someone advise me on the best approach to track expenditure by company branch.
If a company has multiple branches, and normally track expenses using a expense book in each branch.
How can this be setup using the Expense claim form.
@kdevloper You will need to create ledgers for each branch in Chart of Accounts.
I understand the need for separate ledger. But my consideration is When setting up Expense Type for Telephone;
- How will I assign the account for a given branch.
- Are you suggesting that I have Different Expense type for each branch? eg Telephone Branch A, Telephone Branch B.
- Is there a way to limit the user to their respective expense type after the above?
Creating a separate Cost Center for each Branch will be better approach. Will be helpful in Budgeting as well. When creating entry, you will have to manually select Expense Account/Cost Center based on Branch.