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Allocation Rule based on run time percentage

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edited Mar 2, 2020 3:40AM in General Ledger & Intercompany 5 comments

Summary

Recurring Formula rule based on run time entry of PTD percentage

Content

I am going through the allocation creation example explained in the "Recurring Journals in Oracle Fusion General Ledger - Calculation Manager" White Paper (attached). 

Case Study 1: Recurring Formula Rule Assumptions • The chart of accounts includes segments for company, department, account, sub-account, and product. • Account 1210 is the trade receivables account. • The PTD period activity in account 1210 is 100,000 USD. Goal The goal is to create every month an allowance for bad debt based on 5% of the PTD period activity in the trade receivables account. • Account 7730 is the bad debt expense account. Use account 1260 for the allowance for bad debt account. • A formula rule needs to be defined to generate the following journal entry for

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