Finalize Allocations

Run allocations and review the pro forma allocation results. Complete any approval steps.

If you have an allocation result that continues to have a status of pro forma, remove all the dependencies from the allocation group set and rerun the allocation.

Configure the Allocation Finalize Event
and Allocation Finalize Intercompany Event
business processes and security policies in the Financial Accounting functional area. Workday applies intercompany only to allocations resulting in a journal.

For allocations resulting in budget amendments, add the Initiate Budget Amendment Event
service step to the Allocation Finalize Event
business process and configure the Budget Amendment Event
business process and security policy in the Budgets functional area.

Security: Process: Allocations
domain in the Financial Accounting functional area.

By finalizing allocations, you can move:

Journals from pro forma to posted.

Budget amendments from draft to available.

You can rerun finalized allocations. When you rerun a finalized allocation Workday cancels the allocation and resets the status to

Pro Forma

When an allocation includes dependencies, finalize the dependencies first.

You can finalize a single allocation using the

Allocation Work Area

report.

Access the

Run Mass Finalize for Allocations

task.

As you complete the task, consider:

Option	Description
Override Reversal Date	Leave blank if you want to reverse allocations on the first day of the next fiscal period. Otherwise, select another date from the next fiscal period. You can't select a date from the current fiscal period.
Finalize All Dependents	When you select this check box, you can select Show Dependent Allocations and view the dependent allocations that are ready to be finalized.
Allocations Available for Finalization	You can only finalize allocations after Workday fully processes the allocation definition.
Show Dependent Allocations	Select to view upstream calculations that require approval.

Run your financial statements.