Fixed percentage allocation in general ledger in Microsoft Dynamics 365 Finance and Operations

Fixed percentage allocation in general ledger in Microsoft Dynamics 365 Finance and Operations

In simple 5 steps

1) Setup an allocation journal in general ledger journal names

2) Define an allocation rule using fixed percentage

3) Create a scenario for e.g. advance rent paid to a vendor which later needs to be allocated to various financial dimensions and also destination account being in P&L

4) Run process allocation request using the rule

5) Verify the lines created in ledger allocation journal showing the use of fixed % allocation