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This product has been discontinued, and is no longer available for purchase.
The ObjAcct 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 allocations methods.
User-defined unit, percent of total and rate tables allows you to define the calculation methods 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 ObjAcct XML Accounting Suite line of products, developed by ObjAcct, Inc..
ObjAcct XML Accounting Suite is a horizontal product. It offers functionality designed for usage across a wide variety of industries and business types.