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Administrator Guide
Last Updated: 2024-03-08
Steps: Process Allocations

Steps: Process Allocations

  • Set up allocations. See Steps: Set Up Allocations.
  • Configure the
    Allocation Finalize Event
     and
    Allocation Finalize Intercompany Event
     business processes and security policy in the Financial Accounting functional area to include approval steps.
After you define your allocation methodologies, you can run allocations as part of your period close process.
  2. Access the
    Find Allocations
     report.
    Review the:
    • Allocation results of any status to verify the success of the allocation run.
    • Processing warnings and errors on the report.
    (Optional) From the related action menu of allocations on the report, select:
    • View Accounting
       to review the operational journal of an allocation, including journal status and journal lines. You can access this related action only if the allocation uses a plan structure as the source ledger. If the allocation has an actuals ledger, you can select the related action
      View Accounting
       on the allocation.
    • View Budget Amendment
       to review the budget amendment for the allocation, including status and entries.
  3. Finalize each allocation so that you move its journal from
    Pro Forma
     to
    Posted
     or budget amendment from
    Draft
     to
    Available
    .
  4. (Optional) Open the action item in
    My Tasks
    .
    Verify and approve the final allocation results before posting the allocation journal or making the budget amendment available.
You can use the finalized allocation results on financial statement reports.