Hello,
I am wanting to make sure I understand how to use the Departments feature in Sage 100 C before implementing. My goal is to be able to track profitability by Departments 1 & 2. I have gone into each of our projects and made every job have either Department 1 or Department 2.
My understanding is that I need to create new ledger accounts that use departments. For example, we typically bill our revenue to (4000 - Contract Income). I would create a new ledger account (4001 - Contract Income (Dept.)) and this would be setup to use departments. I am aware this is easier to do at beginning of the fiscal year when there is no activity and I could just change the 4000 account to have departments. Either way, let's assume I am doing this mid year and creating new ledger accounts.... here are my questions:
1. Would I need to setup new ledger accounts (with Department subsidiary type) for Contract Income and all Direct Expense accounts ?
2. We also use a WIP adjustment account (4300). Would I set up a new ledger account for this one as well?
3. Since the WIP adjustment account just contains monthly journal entries, how do you make the WIP adjustment split between departments?
Any help on how to properly set this up would be great.
Thank you,