Skip to main content
Solved

Allocations - Contra/Offset account based off value of other accounts

  • 22 September 2023
  • 2 replies
  • 153 views

Forum|alt.badge.img

Each month we do an allocation entry where we allocate all of the expenses in our corporate branch to our other branches based off a fixed weighting. The problem is, rather than all of the accounts in our corporate branch being $0 after the allocation, we want the total to be posted to an offset/contra account that would making the overall balance in the corporate branch be $0.

Ideally it would look something like this:

 

Best answer by Laura02

Hello @afranklin ,

Acumatica can allocate with Contra Accounts, leaving the original account balances intact.  Below is a screen shot of Finance → Profiles → GL Allocations screen, a sample from my Demo Database showing the Source Accounts tab where the Contra Account/sub may be entered:

Where to configure contra accounts in Allocations screen

HTH,

Laura

View original
Did this topic help you find an answer to your question?

2 replies

Laura02
Captain II
Forum|alt.badge.img+19
  • Captain II
  • 3135 replies
  • Answer
  • September 22, 2023

Hello @afranklin ,

Acumatica can allocate with Contra Accounts, leaving the original account balances intact.  Below is a screen shot of Finance → Profiles → GL Allocations screen, a sample from my Demo Database showing the Source Accounts tab where the Contra Account/sub may be entered:

Where to configure contra accounts in Allocations screen

HTH,

Laura


Forum|alt.badge.img
  • Author
  • Jr Varsity II
  • 23 replies
  • September 25, 2023

Thank you so much Laura, this was greatly helpful!


Reply


Cookie policy

We use cookies to enhance and personalize your experience. If you accept you agree to our full cookie policy. Learn more about our cookies.

 
Cookie settings