Introduction
The Monthly Distribution feature in Empress helps you distribute your budget or target across months. This is especially useful if you have seasonality in your business. By understanding how your finances ebb and flow throughout the year, you can make more informed decisions and plan more effectively.
Primary Functions and Benefits
With the Monthly Distribution feature, you can:
- Assign a distribution name: Every distribution can be given a unique name for easy identification and tracking.
- Select a fiscal year: Choose the fiscal year for which you want to plan your budget distribution.
- Define monthly distribution percentages: You can specify the percentage of your budget that should be allocated to each month.
Using the Monthly Distribution Feature
-
Viewing Monthly Distributions: On the Empress dashboard, navigate to the ‘Accounts’ section. Here, you’ll find the ‘Monthly Distribution’ option. Click on it to view your existing distributions.
-
Creating a New Distribution: To create a new monthly distribution, click on the ‘New’ button at the top right of the Monthly Distribution page.
-
Entering Distribution Details: In the ‘Distribution Name’ field, enter a unique name for your distribution. Select the ‘Fiscal Year’ for which you’re creating the distribution. In the ‘Monthly Distribution Percentages’ section, enter the percentage of your budget that should be allocated to each month.
-
Saving Your Distribution: Once you’ve filled in all the necessary details, click on the ‘Save’ button to store your distribution.
-
Editing a Distribution: To edit an existing distribution, simply select it from the list and click the ‘Edit’ button. Make the necessary changes and then hit ‘Save’.
-
Sorting Distributions: You can sort your distributions based on the ‘Modified’ field. Click on the ‘Sort’ button and select ‘Modified’ to arrange your distributions based on when they were last updated.
User Roles and Permissions
Access to the Monthly Distribution feature is controlled through user roles and permissions. The ‘Accounts Manager’ role has full access to create, read, write, and delete monthly distributions. Other roles may have read-only access or no access at all, depending on your company’s policy.
Conclusion
The Monthly Distribution feature in Empress is a powerful tool for managing your business’s finances throughout the year. By allowing you to plan your budget distribution in advance, it helps ensure that you’re never caught off guard by a sudden expense or downturn. For further assistance or more information, please refer to our FAQs or contact our support team.