Add Allocation Code

Owned by Knowledge Assistant
Jun 14, 2022
1 min read



Description of Issue

Where are Allocation Codes defined?



Context

Allocation Codes



Cause

Site would like to start using allocation codes



Resolution

  1. Browse Munis > Financials > General Ledger Menu > Miscellaneous Set Up > Allocation Codes

  2. Add

  3. Complete the fields in the Allocation Codes group, referring Help option's Field Descriptions as required

    • Allocation

    • Description

  4. Accept to save the header information

    • The program makes the fields in the table accessible

  5. Complete the fields in the table to specify the accounts as needed and percentages to allocate

    • Project Type

    • Project String

    • Org

    • Object

    • Project

    • Percent

  6. Press Tab to enter additional lines as needed.

  7. Accept to save the record.



Additional Information

  • Allocation codes automatically distribute a single transaction amount across numerous general ledger accounts

  • Using an allocation code, you can assign a percentage of the whole dollar amount to as many different accounts as necessary until 100% of the amount is allocated.

    • This is referred to as the allocation percent

  • These codes are used in Invoice, Requisition, Purchase Order, and Payroll programs

  • Update Alloc option places cursor directly into detail table section of existing Allocation Codes