Scenario Office 1 generates an invoice for Client A and needs to allocate a percentage of the earned revenue to Office 2. Instead of manual adjustments, the system automates this process by creating interoffice journal entries.

### **Fill in the Required Fields**

1. **Invoicing Office** – Select the originating office (e.g., Office 1).
2. **Share With Office** – Select the recipient office (e.g., Office 2).
3. **Start Date** – Enter the effective start date.
4. **End Date** – Enter the end date (if applicable).
5. **Share %** – Enter the percentage of revenue to be shared.
6. **Client** – Select the client for whom the revenue share applies (e.g., Client A).
7. **Job (Optional)** – Select a job if the revenue share applies to a specific job. Leave blank if applicable to all jobs.
8. **Master Job (Optional)** – Select a master job if applicable. Leave blank if not needed.

Configure General Ledger (GL) Accounts for Revenue Sharing

Click **Select GL Accounts For Revenue Share**.

Choose the appropriate GL account types and use the arrow keys to assign them.

When an invoice is raised for a client that meets the revenue-sharing criteria, the system automatically generates interoffice journal entries.

### **Example**

- **Scenario:** Office 1 invoices Client A for $10,000.
- **Revenue Share:** 20% of the revenue is allocated to Office 2.
- **Journal Entries:**

If the recipient office operates in a different home currency, the system will convert journal entries using the applicable FX rate at the time of posting. This ensures accurate financial reporting across different currency environments.

Accountabilityone

This process automates revenue sharing between offices based on pre-defined percentage allocations, streamlining financial reconciliation across locations. This ensures accurate journal entries for revenue distribution, reducing manual effort and potential errors.

How to create an Interoffice Revenue Share

Scenario Office 1 generates an invoice for Client A and needs to allocate a percentage of the earned revenue to Office 2. Instead of manual adjustments, the system automates this process by creating interoffice journal entries.

Configure General Ledger (GL) Accounts for Revenue Sharing

Workflow and Journal Posting