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Chargeback Journal Transactions

Chargeback Journal Transactions​

Gives the ability to create Chargeback Tables that give you flexibility in reallocating income and expenses between divisions, or between administrative accounts and cost centers, or in accruing specific costs for a specified period of time. You can allocate based on a fixed dollar amount, given percentage, or number of days (accruals). There are four calculation methods for allocating income and/or expenses. Each method is described in detail.

Important Note: You must create your Chargeback and Accrual Table in order to process the Chargeback Journal Transactions. Please see Chargeback and Accrual Table for more information on setting up your Chargeback tables 

From the menu select, General Ledger, Journal Transactions, Chargeback Journal Transactions.

  1. Enter in the table Id you want to process. To get a listing of tables, press the F6 Key or List F6 from the Command Panel.
  2. The Description of the table will default when the Allocation List ID is selected.
  3. The Calculation Method will default when the Allocation List ID is selected.
  4. Select from the dropdown menu either Period to Date or Year to Date.
  5. Enter the General Ledger date for the Chargeback Journal Transaction. The default date will be the current system date.
  6. Press the Process button to generate the Chargeback Journal Transactions.