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Creating Allocations Using Recurring Journal Formulas

Use recurring journal entries to perform simple or complex allocations. For example, you can allocate a portion of your rent expense to another division, or, you can allocate a pool of marketing costs to several departments based on the ratio of department revenues to total revenues.

You define a separate recurring journal entry formula for each allocation, and you can group related allocation entries together in a recurring journal batch. Each line of the recurring journal entry contains a target account, as well as the formula you want to use to calculate the allocation amount.

Reserve the last line of each entry for the offsetting account. Enter line number 9999 and the offsetting account to have General Ledger automatically generate the offsetting amount. You do not need to enter a formula to calculate the offset.

See Also

Creating Recurring Journal Formula Batches

Creating Recurring Journal Entries

Entering Recurring Journal Entry Lines

Entering Formulas with EasyCalc

Generating Recurring Journal Batches

Creating Net Allocations

Creating Step-Down Allocations

Creating Rate-Based Allocations

Creating Usage-Based Allocations

Using Allocations for Standard Costing

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