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Allocations - Increase Source Account by Percentage

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edited May 11, 2020 2:01PM in General Ledger & Intercompany 3 comments

Summary

Allocations - Increase Source Account by Percentage

Content

Hi, I have a requirements where we have a customer in Zimbabwe. Zimbabwe currently struggles with Hyperinflation and due to this they need to revalue certain account types at different inflationary amounts. This is done as a period to Date.

e.g Income Statement by 10%

Equity accounts by 11%

Asset Accounts by 15%

 

So, I would like to know if it possible to create a allocation rule that would take the balance of Account X and then multiply by Inflation and then add this to the original account X. Offset will be a equity account. I don't want to create a rule for each and every Income Statement Account. I would like it to spool through the parent account and then look at each child account and then add the inlfationary increase to each one.

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