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The Application-360 Allocations module performs the functions necessary to streamline your period, end closing process by automatically allocating or redistributing company expense balances to one or more accounts.
Unlimited allocation groups can be setup and maintained in the system. Any account or group of accounts can be allocated to one or more accounts using various allocation methods. User-defined unit, percent of total, and rate tables allow you to define the calculation method to be used in the allocation and have control over the accounts used in the transactions. An offset account and class can be specified for each allocation group as well as a sequential processing order.
The allocation process allows you to supply a post date, selectively process allocation groups and, once processed, review the results prior to posting the transactions to the General Ledger.
"Allocations" is part of the Application 360 line of products, developed by Application 360.