The Divisions screen, located within the Settings tab, allows users to independently oversee various segments of their business. By using divisions, you gain the ability to isolate and analyze income, expenses, assets, and liabilities for every distinct segment of your organization.
To define a new division:
After creating divisions, you can assign them to transactions including:
Divisions can be applied directly to transactions involving profit & loss accounts or your custom balance sheet accounts.
However, it's not possible to assign divisions directly to certain types of sub-accounts on the transaction level, such as:
For these sub-accounts, divisions must be assigned at the account level rather than per transaction. This is because the entire balance of such sub-accounts must belong exclusively to a specific division. For example, a single bank account balance cannot be split across multiple divisions. Therefore, businesses frequently maintain separate bank accounts for each division.
Manager supports cross-division transactions and automatically tracks inter-divisional loan accounts. For example:
Both the Balance Sheet and the Profit and Loss Statement in Manager can display financial figures per division. Additionally, you can create comparative reports to analyze performance and financial position across divisions efficiently.
Divisions are optimal for businesses segmented into separate, ongoing areas or segments. This contrasts with Projects, which typically have defined start and end dates.
For more on the differences between Divisions and Projects, refer to the Projects guide.