Generate General Ledger Closing Entries Using Allocations

Generate year-end closing journal entries by a defined closing rule.

This task shows you how to generate general ledger closing entries using allocations.

To generate general ledger allocations:

1. From the Navigator, select General Accounting > Journals.

2. From the Journals work area, click Generate General Ledger Allocations in the Tasks list.

3. Define the following parameter values under Basic Options to generate general ledger allocations to create year-end close journal entries:

   Parameter	Description
   Rule or Rule Set	Name of the rule set created by the administrator.
   Journal Category	Federal Year-End Preclose or Federal Year-End Close
   Conversion Rate Type	Corporate (Populate period end rates.)
   Post Allocations	Check box to identify if allocations should be posted.

4. Click Submit