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Allocation Rule Resulting in Negative Budget

  • November 6, 2024
  • 4 replies
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NickCerri4
Jr Varsity II
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Hey, team - I’m a little new to allocation rules so any assistance would be AWESOME!

 

Got a client who is applying Labor at a standard rate and then replacing the standard amounts from payroll.  They are getting a negative value in the balances for the APPLIEDOVH Expense and want this to zero out.  They have a credit account associated with this step of the allocation rule - is this as simple as removing that account?  Thanks!

 

Here’s the task

 

Here is the allocation rule.

 

 

Best answer by Heidi Dempsey

@NickCerri4 If you are wanting this entry to post to the GL, maybe you want it to hit a liability account? You should be able to pick an account that doesn’t have an account group on the credit side.

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Nick -- If a member helped you, please *Like* their post, and if a member provided an answer to your question, please mark it as *Best Answer*.
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    4 replies

    Heidi Dempsey
    Community Manager
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    • Heidi Dempsey
    • Community Manager
    • 269 replies
    • November 6, 2024

    @NickCerri4  Yes, your credit account on the allocation rule is causing the negative amount.  However, If you remove the credit account, you will not be able to post this entry to the GL, you need a debit and a credit account to post to GL.   Is labor at standard rate posting to project and GL?  When the customer replaces standard amount with payroll does this post to the project and GL? These answers can help decide what account to use on your allocation rule.

    NickCerri4
    1 person likes this
    • NickCerri4
      NickCerri4
    NickCerri4
    Jr Varsity II
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    • NickCerri4
    • Author
    • Jr Varsity II
    • 17 replies
    • November 6, 2024

    Thanks, @Heidi Dempsey - the only transactions on the project or GL are those of the allocation. Does that get us any closer?

    Nick -- If a member helped you, please *Like* their post, and if a member provided an answer to your question, please mark it as *Best Answer*.
    Heidi Dempsey
    Community Manager
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    • Heidi Dempsey
    • Community Manager
    • 269 replies
    • Answer
    • November 6, 2024

    @NickCerri4 If you are wanting this entry to post to the GL, maybe you want it to hit a liability account? You should be able to pick an account that doesn’t have an account group on the credit side.

    Chris Hackett
    1 person likes this
    • Chris Hackett
      Chris Hackett
    NickCerri4
    Jr Varsity II
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    • NickCerri4
    • Author
    • Jr Varsity II
    • 17 replies
    • November 6, 2024

    Extremely helpful, @Heidi Dempsey - thank you!

    Nick -- If a member helped you, please *Like* their post, and if a member provided an answer to your question, please mark it as *Best Answer*.
    Chris Hackett
    1 person likes this
    • Chris Hackett
      Chris Hackett

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