Duration
03min, 14sec
Presenter
UpperBee
Level
Beginner
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Course description
In a budget, recorded expenses are, by default, allocated among the fractions according to the shares documented in the fraction register. However, the allocation may be different if, for example, the maintenance of a parking lot is paid only by the space holders, or if a business fraction does not contribute to certain expenses (e.g., carpet cleaning when its business is on the street and it does not have access to the interior common areas). Thus, the distribution key makes it possible to configure allocation rates for budgeted items that are different from the quota attached to other budget items.
Contents
00min, 00sec : Introduction
00min, 55 sec : Where to go to create an allocation key
01min, 10sec : Creating an allocation key
02min, 35sec : Using an allocation key in a budget
03min, 05sec : Closing
Category(ies)
Accounting, Software
Presenter
UpperBee
UpperBee’s team includes several property managers from one of the largest condominiums and homeowner associations management company in North America. We are therefore pleased to be able to share with you our many decades of experience in condominium and HOA management field.
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Category(ies): Software
By UpperBee