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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.
Creating Recurring Journal Entries
Entering Recurring Journal Entry Lines
Entering Formulas with EasyCalc
Generating Recurring Journal Batches
Creating Step-Down Allocations
Creating Rate-Based Allocations
Creating Usage-Based Allocations
Using Allocations for Standard Costing
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