Fixed allocation account issue

(0) Share

Report

Posted on by Community Member

Hello Community, I have a vendor invoice that I would like to post against an allocation account I created. I did that however the individual distribution accounts are not reflecting any amount even after I posted the vendor payable. The individual distribution accounts only reflect amounts once I post a general journal entry against the allocation account. Is it not possible for me to use an allocation account while posting a vendor invoice?

Thank you so much.

*This post is locked for comments

I have the same question (0)

All responses (6)

Answers (0)

Sort by

michelle brayton 95 on at

Like
a
(0)

Report
Copy link

Link copied!

Do you mean that the payables batch is stopping in the GL for additional posting?

Was this reply helpful? Yes No
Community Member on at

Like
a
(0)

Report
Copy link

Link copied!

Yes what I mean is once I post my payables transaction I go back to the individual distribution account to see if the appropriate amount got posted and I don't see any posting. The balance is there under the allocation account. When I make a Journal entry this doesn't happen. The individual distribution account gets its share of the percentage once I post the Journal entry.

Was this reply helpful? Yes No
Suggested answer

L Vail 65,271 on at

Like
a
(0)

Report
Copy link

Link copied!

Hi,

This is how it works. The allocation is not distributed until the Journal entry is posted. The amounts are held in a table but are not committed to the ledger until it's posted. This behavior gives you the opportunity to change the percentages after you post the payable. Working as designed.

Kind regards,

Leslie

Was this reply helpful? Yes No
michelle brayton 95 on at

Like
a
(0)

Report
Copy link

Link copied!

That is not how it is supposed to work... I will test in my system and get back to you... I have clients that use allocation accounts all of the time for payables. Give me til Friday and I will update.

Was this reply helpful? Yes No
L Vail 65,271 on at

Like
a
(0)

Report
Copy link

Link copied!

I look

Forward to your reply, I have always considered it a gl thing.

Leslie

Was this reply helpful? Yes No
Community Member on at

Like
a
(0)

Report
Copy link

Link copied!

So, was this question finally answered? I have a similar issue with a fixed allocation account, referenced by an inventory item included on a Sales Transaction.

The fixed allocation account is, in my situation, 7-390-4610-1. Under distribution accounts, I have 1-390-4610-1 at 50%, and 6-390-4610-1 at 50%.

In the Inventory item, under Accounts, I have 7-390-4610-1 on the Sales line.

When I set up a new Sales Transaction Entry, I use that inventory item and add a dollar amount. When I Go To Distributions, the Sales line shows up with account 1-390-4610-1. ????

Just to try something different, I put a different fixed allocation account into the inventory item Sales line, and that behaves the same way in a new Sales Transaction, it only uses the first distribution account.

Any ideas?

Was this reply helpful? Yes No