Allocating expenses

Within a BU expenses are being booked to various expenses account codes.

Requirement :
1. AT the end of every month these expenses will have to be allocated to various BUs based on a factor / %.
2. The ledger accounts, post allocation should reflect the correct balances


Clarification reqd :

1. Can indexed allocation method be used ?
2. If yes, then is a template format reqd to be set for each of the expenses account as Contra account is mandatory for "balancing ledger types"
3. What if there are over 1000 accounts involved in allocation ? are we reqd to create so many template for allocating these expenses ?

Is there any simpler way out ?

Regards
raja

Hi,


a> you can use range of object accounts.
b> multiple lines can be used for seperate range of objects
acounts.

You are most welcome for further clarifications.

Regards & Thanks

DP Mishra
PeopleSoft Finance Consultant

Re: RE: Allocating expenses

Hi,

Can you please elaborate more on how to go about using a) range of object accounts - in this case how do we give the range of account codes in the contra account filed. The main purpose of this allocation is to square off the main account to which the entry has been passed earlier.

b) by multiple lines - i guess u mean giving " to "account codes in the multiline ? In this case again how do we square off the values in "from account codes" ?

The main intention is to square off the values in the From Account code post allocation.

Hope my requirement is clear ?

Shall be grateful if you could help me out with a favourable solution.