Setting up corporate allocations

You can use it to split or reassign expenses and other transactions using predefined criteria. You can allocate amounts across periods, accounts, analysis codes and business units. The charges can be split, increased or decreased.

Corporate Allocations generates and posts ledger transactions, so you could achieve the same result by entering a manual journal using Ledger Entry (LEN).

However, by using Corporate Allocations you can automate the apportionment process and repeat it each period, or as often as you require.

You might use Corporate Allocations to:

• Apportion costs, for example as in Activity Based Costing - ABC.
• Post amounts across business units, for example inter-company transactions.
• Uplift a budget using actual figures as the basis.
• Calculate interest on account balances.