This function allows users to soft-allocate transactions or portions of transactions within the same account against each other allow you to offset and only show “unallocated” entries. A good example for the use of this feature would be allocations or “offsetting “of provision and accruals with the Debit and Credit of specific transactions being Allocated against each other to only show the remaining. In simplistic terms this would be an account reconciliation without any actual processing transactions. A core part of the design is that it will allow you to create amount Allocations across periods however if the Account Enquiry is run for a period where an allocation transaction has an allocation in a future period, the system will not show the allocations in that period ensuring that the closing balance will always be correct. The process is as follows:

• Create an Allocating transaction with an Allocating Transaction Header name and date. Thereafter you can allocate debits and debits of transactions against each other with earlier dates.
• You can then save the allocating transaction if the allocating debits agree to the allocating credits.
• You can also edit the allocating transactions at any time during the process however allocating debits and credits gave to agree.
• Then run the enquiry showing all transactions with original or allocated transactions with the ability to exclude net Zero’s.