General Ledger > Chart of Accounts > Set Up GL Account Record

The Fixed Allocation Page is accessible only if the Fixed Allocation option is selected as the Account Type in the Information Page. This page allows you to define the fixed allocation amount or the distribution percentage for the GL Account.

To set up the fixed allocation for a GL Account ID, perform the following:

1. In the Fixed Allocation page, click the Append Row to end or Insert Row before current button to activate a new line in the grid.

2. Choose or amend values in the following fields or options:

oDistribution Account

Enter in this field the appropriate GL Account ID.

Note: If you enter a GL Account ID that is either inactive or one that has a non-posting account type the system will display a message that the GL Account ID is not posting or is inactive. You need to delete the GL Account ID and replace it with an active account or one that is of a posting account type.

oAccount Description

This is a read-only field that displays the description of the GL Account ID entered in the adjacent Distribution Account field.

oAmount

Enter in this field the appropriate distribution amount. This field allows both positive and negative amount.

oDistribution %

Enter in this field the distribution account's appropriate percentage. This field allows both positive and negative percentages. The total percentages of all distribution accounts entered in the grid must be equal to 100.00%.

3. To delete an inappropriate GL Account ID from the grid, highlight the distribution GL Account ID; then, click the Delete Selected Rows button.

Fixed Allocation Page

Fixed Allocation Page

See Also