Set Up Automatic Account Posting Groups

To use automatic account codes, you must create an automatic account posting group.

To set up automatic account posting groups

  1. Choose the Search for Page or Report icon, enter Auto. Acc. Groups, and then choose the related link.

  2. Choose the New action.

  3. On the General FastTab, fill in the fields as described in the following table.

    Field Description
    No. Enter a unique alphanumeric number for the automatic account posting group.
    Description Enter a description for the automatic account posting group.
  4. On the Automatic Acc. Line FastTab, fill in the fields as described in the following table.

    Field Description
    Allocation Percentage Enter the percentage of the source line amount that is to be allocated.
    G/L Account No. Enter the general ledger account number to which the allocation should be posted.

    Note

    The Total Balance field totals the Allocation Percentage field for automatic account lines in a posting group. If the total allocation percent for a posting group does not balance to zero, an error message will be displayed when the item is posted.

  5. Choose the OK button.

See Also

Automatic Account Codes
Setting Up Posting Groups
Working with General Journals