Profit Module Configuration
Open the Profit Module by selecting the option from the main menu or from the User menu and choose the Configuration tab. The Configuration tab includes three sub-tabs with the following options:
- GL Settings: Allows you to view Classifications, Classification Types, and Payroll Type.
- Settings: Allows you to set up Points, Allocation Weightage, Target Type, and Supported by Persons.
The GL Settings tab under Configuration displays the information from the SSIS GL import and is for reference only.
| Option | Description |
|---|---|
| Classifications |
List shows the classifications available for General Ledger accounts in your accounting system. The following information displays for each classification:
|
| Classification Types |
View and search the broadest level of General Ledger account classifications. Typically this will be the five standard types of Assets, Equity, Liability, Expenses, and Income/Revenue. |
| Payroll Type | View and add the payroll types applicable. |
Settings Tab
| Option | Description |
|---|---|
| Points | Allows you to set up a point based allocation for fee earner classes. Total points are provided at a firm, department, or office level based on the number of people working at a given location for a given month. Refer to Points help page. |
| Allocation Weightages | Set up the types of criteria that are available to drive allocation. For example, if expenses might be allocated based on the number of people in each office, you could set up Number of People as an allocation weightage. You will then be able to configure profitability rules based on number of people per office. Refer to Allocation Weightage below. |
| Target Type |
Levels at which expense or revenue can be allocated. For example, you might be able to allocate expenses at the department level as well as at the individual person level. Refer to Target Type below |
| Supported by Persons | Allows you to allocate support staff cost to their supervisors. Refer to Supported by Persons below |
Allocation Weightage
To add an allocation weightage:
- On the Allocation Weightage tab, click the Add Allocation Weightage button. A new blank row is added to the list.
- Enter a Name.
- Click Update.
You can modify the name of an existing allocation weightage by double-clicking in the Name column.
To remove an allocation weightage, click the X on the far right of the screen.
Target Type
Select a target type in the list on the left to see all specific entities that make up that target type populate on the right. Selecting the target type Department, for example, populates a list of all departments to which expenses/revenue can be allocated.
To add a new target type:
- On the Target Type tab, click the Add button at the top of the list.
- Enter a Name for the target type.
- Click Save.
You can modify an existing target type by clicking on the pencil icon.
To remove a target type, click the X on the far right of the screen. A Green checkmark against a target type indicates it is used in a Rule. Targets used in a rule cannot be edited.
Supported by Persons
To add a new entry:
- On the Supported by Persons tab, click the Add New button at the top of the list.
- Select Person, Supported By and Relation Type from the drop-down.
- Use the arrows to the right of the Percentage field or enter the percentage to be allocated.
- Select a Start Date and End Date to indicate when this setting is in effect.
- Click Save.
- You can also import the list. Click the Import button at the top of the list.
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If you do not already have a spreadsheet with details saved, you can click Download Sample Excel to obtain a template with all the required columns. If you have already filled out a spreadsheet, click Select Excel to locate the file on your computer.
- Click Send.
