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

  • 22 September 2023
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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:

 

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Best answer by Laura02 22 September 2023, 23:22

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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

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Thank you so much Laura, this was greatly helpful!

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