Overview of Allocation and Periodic Entries

In Oracle Fusion General Ledger, use the Calculation Manager to create allocations and other formula journal templates for generating periodic journal entries automatically. Allocations are defined and generated from preaggregated balances in the GL Balances cubes, which provide the following benefits:

• Immediate real-time access to financial balances for allocations and periodic entries.

• Accelerated performance for complex allocations.

You can base formulas on multiple criteria. For example:

• Use account balances or statistical amounts to allocate shared revenue or costs across multiple organizational units and ledgers.

• Define complex computations based on variables from different charts of accounts.

• Group journal formulas together and execute sequentially to update account balances in a step-by-step process.