The Departments tab is used to setup the Funds or Cost Centers. Each department can be linked to an Equity/Capital Account in which VMS will calculate the net income and retained earning each annual period. The feature does not make an actual journal entry to the financial reports, but a calculation is made. Avoid selecting an account if you prefer to manually post a yearly journal entry for the ending financial period.
Skip Distribution is used through AP to equally distribute an amount entered against all departments that are not skipped.
Example: If a master planned property has three departments named, but the Apartments Skip Distribution is checked:
1. Single Family
2. Town Homes
3. Apartments
If the user enters $100.00 for an expense and selects to distribute the expense, the Single Family and Town Homes departments will both have $50.00 entered for the expense.
