Steps: Set Up Allocations

Review setup considerations for allocations.

To use statistics as the basis for allocations in allocation definitions, create statistics and statistic definitions.

Security: Set Up: Allocations
and Process: Allocations
domains in the Financial Accounting functional area.

Configure the Allocation Run Event
and Allocation Run Intercompany Event
business processes and security policies in the Financial Accounting functional area.

Configure the Allocation Finalize Event
and Allocation Finalize Intercompany Event
business processes and security policies in the Financial Accounting functional area.

For allocations resulting in a budget amendment:

Add the Initiate Budget Amendment Event
service step to the Allocation Finalize Event
business process.

Configure the Budget Amendment Event
business process and security policy in the Budgets functional area.

Set up allocations for an organization to automate the distribution of costs or other ledger amounts for either actuals or budgets.

(Optional) Access the

Edit Tenant Setup - Financials

task and select the

Group Allocations by Budget Date

check box in

Budget Options

You can opt in to group allocations by the fiscal periods on budget dates. When you select this check box, Workday displays a budget date column in these tabs on the allocation results:

Offset

Source

Target

See Reference: Edit Tenant Setup - Financials.

Create Allocation Definitions.

Group Allocation Definitions.

After you save allocation group sets, select

Update Dependencies

from the related actions menu of the allocation group set to access the

Update Allocation Group Set Dependencies

task.

Test Allocations.