Field

Description

Code

Enter a unique code of up to eight characters for the posting template.

We recommend that you choose a meaningful code that will be understandable to users when they need to choose a recurring posting template in G/L branch allocation.

Description

Enter a short description of the recurring posting.

Frequency

Choose the frequency with which you would like the recurring posting to be made.

Use the dropdown list to select the number of days, the week day, or the day of the month for the recurring posting to be made. Choosing any other option disables the field to the right.

Next Execution

Enter date for the next execution of the recurring posting.

Note

The next execution date must be later than the current date.

Valid Until

Select this checkbox to define an expiration date for the validity of the recurring posting template.

G/L Account, Name

The G/L account code and name for the allocation transaction.

Currency Code, Currency Name

Select the currency code and name of the G/L allocation transaction

Debit

Captures the debit amount.

Credit

Captures the credit amount.

Branch Code

If Multiple Branches are enabled, Specify the branch code.

Project

Specify the project that you want to relate to the account.

Distr. Rule

If required, specify a distribution rule for the selected row.

Dimension 

Choose distribution rules for the dimensions.

Allocation Method

The application supports two methods of allocation. From the dropdown list, select either Amount (default) or Percentage

Calculate Allocation Amt / %

When the value in the Allocation Method dropdown list is Amount, the Calculate Allocation % button is displayed.

Choose this button to:

1. Automatically calculate the amount value in the Allocation Amount field as a percentage 
   
2. Display the result in the Allocation % field 
   

When the value in the Allocation Method dropdown list is Percentage, the Calculate Allocation Amt. button is displayed

Choose this button to:

1. Automatically calculate the percentage value in the Allocation % field as an amount 
   
2. Display the result in the Allocation Amount field 
   

IC Branch Code

Press the TAB key in this field and, in the Choose from List window, select the IC branch code of the company to which you want the allocation to be made.

Receiver Branch Code

If receiver company is branch enabled, Specify the receiver company branch code.

Receiver Branch Name

Displays the receiver branch name.

Allocation Account,  Name

The code and name of the allocation account. Press TAB in this field and select the relevant allocation account for the receiver company.

Allocation %

When the value in the Allocation Method dropdown list is Percentage, you can enter a percentage value that can be used to calculate the corresponding Allocation Amount. 

The total of all line percentages in the bottom matrix cannot be greater than 100.

Allocation Amount

When the value in the Allocation Method dropdown list is Amount, you can enter an amount value that can be allocated to the branch company identified in the corresponding Branch Code field. 

The total of all allocation amounts in the bottom matrix cannot be greater than the Total Allocation amount value in the top matrix.

Project

Specify the project that you want to link to the account.

Distr. Rule

If required, specify a distribution rule for the selected row.

Dimension 

Choose distribution rules for the dimensions.

Load All Branches

Choose this button to insert IC branch codes of all other branch companies in the bottom matrix.

Confirmation List

Choose this button to open the Confirmation of Recurring Postings window, in which you can view all recurring postings to be executed.

Note

Confirmation List of Recurring Postings window only displays postings which have the due next execution date.  

Add

Choose this button to add the recurring G/L allocation posting.

Cancel

Choose this button to close the Recurring G/L Allocation Posting window.