Use of allocations

Use the Allocations application to automatically allocate posted balances between accounts in the General Ledger and Budget applications using journal entries. You can process balances on a periodic basis or can cross periods. You can use the Allocation 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.
• You can use contra accounts to enable the post from account to maintain the original balance.
• You can assign steps to allocations to determine the order allocations or lines are calculated.
• Allocate to current or next fiscal year budgets.