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Last Updated: 2024-03-08
Troubleshooting: Single-Source Allocations Don’t Clear Down Fully

Troubleshooting: Single-Source Allocations Don’t Clear Down Fully

When you run a single-source (intercompany) allocation, the intended allocation amount doesn’t clear down fully.
For single-source allocations, Workday translates the source amount from the primary ledger currency to the alternate ledger currency rather than allocating the source amount from the alternate ledger in parallel. Because of currency fluctuations, there might be a small difference between the source amount in the alternate ledger and the amount actually allocated.
To fully allocate the amount, you can:
  • Send the allocation to 1 ledger account in the target company.
  • Create a unique revaluation rule and currency rate type for this allocation.
  • Update the currency rate type monthly to reflect the rate that will clear down the allocation amount fully.
  1. Run your allocation.
  2. Access the
    Maintain Currency Rate Types
     task.
    Add a row. Example:
    Alternate Ledger Currency USD to GBP
    .
    Security:
    Set Up: Currency Rates
     domain in the Common Financial Management functional area.
  3. Access the
    Create Revaluation Rule
     task.
    In the grid, select the ledger account for the allocation and your currency rate type.
    Security:
    Set Up: Revaluation
     domain in the Financial Accounting functional area.
  4. Access the
    Maintain Currency Conversion Rates
     task.
    Each month, update the currency rate to reflect the rate needed to have the allocation amount in the primary ledger currency match the amount in the alternate ledger currency.
    Typically, the source is the primary currency and the ledger is the alternate currency.
    Security:
    Set Up: Currency Rates
     domain in the Common Financial Management functional area.
  5. Access the
    Run Revaluation
     task.
    Select your revaluation rule.
    Security: Configure the
    Revaluation Run Event
     business process and security policy.