Setting Up Account Allocations

If you enter transactions against one major account and then distribute them to several other accounts, you can set up an allocation record for the major account. In the allocation record specify each account to which transactions are allocated and the percentage that each account receives. The sum of the percentages must equal 100 percent.

Once account allocations records are established, you can enter journal transactions against the major account and indicate that the transaction should be allocated by checking the box in the Allocate field. When you post, the system creates entries as specified in the allocation record.

For more information, see Account Allocations.