Enabling Statistical Accounts
The Multiple Unit of Measure feature is a requirement for using the Statistical Accounts feature. If it is not enabled, the system automatically enables the feature.
To enable Statistical Accounts:
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Go to Setup > Company > Enable Features.
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Under the Accounting subtab in the Advanced Features section, enable the Statistical Accounts feature.
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Click Save.
After you enable the feature you can create statistical accounts and make statistic journal entries. You can manually update an absolute statistical account balance through an Absolute Balance Update Offset Journal. You can also create statistical schedules to autogenerate statistical journal entries based on saved searches.
Absolute Balance Update Offset Journals are always created using the system date rather than the date of the manual update.
The Statistical Accounts feature cannot be disabled after it has been used. If your system does not contain statistical accounts, statistical journal entries, or statistical schedules, you can disable the feature. The system does not automatically disable the Multiple Unit of Measure feature when you disable the Statistical Accounts feature.
If the Statistical Accounts feature is enabled and you have used the feature, the system prevents you from disabling the Multiple Unit of Measure feature.
Enabling Dynamic Allocation
If you want to create dynamic allocation schedules based on statistical accounts, enable the Dynamic Allocation feature.
To enable Dynamic Allocation:
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Go to Setup > Company > Enable Features.
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Under the Accounting subtab in the Advanced Features section, enable the Dynamic Allocation feature.
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Click Save.
Dynamic Allocation feature is dependent upon the Statistical Accounts feature, and is useful in advanced costing such as Activity Based Costing and Usage Based Costing, and when you are running cost centers and profit centers.
For information about expense allocation, see Expense Allocation Overview
The Expense Allocation and Accounting Periods features are required for creating allocation schedules. The Accounting Periods feature is controlled by the Manage Accounting Periods permission.
After you enable the Dynamic Allocation feature, you can assign any statistical account to any Single or Intercompany Allocation Schedule. The weight for the allocation, based on the balance of the statistical account through statistical journals, is dynamically calculated at the time the allocation journal is generated. You can also enter an absolute balance of a statistical account and use that value in your dynamic allocation schedules.
The Dynamic Allocation feature cannot be disabled after it has been used. If your system does not contain dynamic allocation schedules, you can disable the feature.
Enabling Classifications
To track statistical journal entries by departments, classes, and locations, you must enable classifications.
To enable classifications:
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Go to Setup > Company > Enable Features.
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Under the Company subtab in the Classifications section, check Departments, Locations, and Classes boxes.
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Click Save.
You must also set up records for each segment. For example, you can enable the Departments feature and then set up a record for each department in your organization such as Sales and Engineering. These features enable you to track and classify statistical accounts by category such as number of laptops per department
If you want to create dynamic allocation schedules based on statistical accounts, you must enable classifications. The classification associated with the statistical account must match the destination line classification on the allocation schedule.