Divisions

The Divisions feature in Manager allows you to independently manage different segments of your business. By utilizing divisions, you can examine income, expenses, assets, and liabilities for each distinct part of your organization. This is particularly useful if your company operates in multiple regions, departments, or product lines.

To access the Divisions settings, navigate to the Settings tab and select Divisions.

Creating a New Division

To create a new division:

1. Go to the Divisions page under Settings.

2. Click the New Division button.

   DivisionsNew Division

3. Enter the name and any other relevant information for the division.

4. Click Create to save the new division.

Assigning Divisions to Transactions

Once your division is created, you can assign it to individual transactions such as:

• Payments
• Receipts
• Sales Invoices
• And more

Divisions can be assigned to transactions categorized into profit and loss accounts or your custom balance sheet accounts.

Note: It is not possible to assign divisions to sub-accounts at the transaction level. Sub-accounts include:

• Bank and Cash Accounts
• Customers
• Suppliers
• Fixed Assets
• Special Accounts

For sub-accounts, you need to assign the division at the account level because the entire balance of a sub-account must be owned by a specific division. For example, a specific bank account balance is owned by a specific division. You cannot divide a bank account across multiple divisions. Therefore, companies might have separate bank accounts for each division if required.

Cross-Division Transactions

Manager supports the ability to handle cross-division transactions and automatically tracks loan accounts between divisions. For example, if you make a payment from a bank account owned by Division A for an expense attributed to Division B, Manager will automatically create a loan account to track how much divisions owe to each other.

Reporting by Division

Both the Balance Sheet and Profit and Loss Statement reports support the ability to show figures per division. You can:

• View financial statements for individual divisions.
• Create comparative reports to compare divisions with each other.

When to Use Divisions

Divisions are suitable when your business can be segmented into multiple parts that you want to manage and report on independently. This is different from Projects, which typically have a start and end date and are used to track specific endeavors.

For more information, see Projects.