iLuxury Global General Ledger Interest Allocation is designed for organizations that need to allocate interest or other amounts between multiple funds or departments.
As a powerful addition to iLuxury Global General Ledger, this module allows you to track, allocate, and create interest allocations for selected funds. You can set up one-time allocations or recurring allocations, depending on your organization’s needs. This option allows you to set up unlimited allocations, giving you the flexibility you need and want. You can base allocations on fixed percentages, average daily balances, or period balances for selected accounts, eliminating the time-consuming process of manual calculation. Discover the power that comes with being able to streamline and simplify your allocation process.