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Generate Account Allocations is used to create a journal entry of transactions that distributes balances from source accounts to destination accounts for the allocation groups defined in the Allocation Groups screen.
The allocations will be sorted, displayed and processed by Allocation Group ID.
Generate Account Allocation performs the following processing logic:
| ▪ | Balances from the allocation source accounts are accumulated as of the post date. For each source account class, the balance is the total of the period-to-date posted balance plus any amounts allocated to or from the account class as a result of allocations to a group completed earlier in the allocation process. |
| ▪ | After the account class allocation balance is calculated, an offsetting journal transaction for the amount of the allocation is generated for the account class. |
| ▪ | The accumulated allocation amount from all source account classes is allocated to the destination account classes based on the allocation method. |
| ▪ | As each allocation is made to an account class a journal transaction is generated for the allocated amount. |
Use Find Journal to locate account allocations journal entries. The Description field will contain the "Allocation Journal" followed by the Allocation Group ID in parentheses.
Fields
Allocation Group ID
Allocation Method
Description
Generate Allocations Button
Load Button
Post Date
Select
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