About Allocations

Use the Allocations application to automatically allocate posted balances between accounts in the General Ledger and Budget applications via journal entries. You can process balances on a periodic basis or can cross periods. Use the application to perform these tasks:

• Base allocations on calculated values using posted amounts, units, budget values, or other information.

• Control the degree of detail transferred to the general ledger by using a variety of posting options.

• Obtain allocated amounts from multiple accounting units, a range of accounts, and a range of subaccounts.

• Define the source of allocation amounts with pools. A pool can include options such as a compute statement, total names, or accounting units.

• Determine how the allocated amount is split with drivers.

• Allocate to multiple accounting units or override accounting units with allocation codes

• Use contra accounts, which allows the post from account to maintain the original balance

• Assign steps to allocations, which determine the order allocations or lines are calculated

• Allocate to current or next fiscal year budgets