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With a recurring journal entry formula, you define a separate journal entry for each allocation. You can group related allocation entries together in a recurring journal batch.
With MassAllocations, you define one formula to generate allocation journal entries for a group of cost centers, departments, divisions, and so on. You define the allocation pool, the allocation formula, and the target and offset accounts for each MassAllocation formula. You can also group combine related MassAllocation formulas into batches.
Using recurring journal entry and MassAllocation formulas, you can perform a variety of allocations, including:
Creating Step-Down Allocations
Creating Rate-Based Allocations
Creating Usage-Based Allocations
Using Allocations for Standard Costing
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