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Setting Up Ledger Allocation Journals in Dynamics AX

Are there times when during a ledger month end you wonder why you keep manually reallocating your posted transactions? The Ledger allocation function within AX will automatically allocate a transactions to different ledger accounts, financial dimensions, and or a combination of both at the time of posting.

The ledger allocation function resides on the general ledger main account form and will require some specific settings before we can create the allocation rule. As you can see on the Main Account Form the ledger account 605150 Rent Expense, is set as company specific; we also need to tick the allocations checkbox as this will enable the Allocation Terms on the General Fast tab tool bar.