Tonight I realized that I didn’t do my F110 Advanced General Ledger (V3.0) transactions in the demo company. Instead I did them in the blank company which was required to complete the F100 Hands-On Financials (V4.0) course. Oops…
So, I went back and installed the demo company in the same database as my original blank company. It’s nice to have the option to install multiple companies in the same database if you want. This makes consolidated reporting much easier.
Now I’m going back through the F110 Advanced General Ledger (V3.0) course and redoing my transactions in the demo company. Lesson learned. As I do this, I realized that I didn’t fully understand the allocations. You have to post an entry in order to put a balance in a source allocation account before you run the allocation. If there is no balance in the source account, you can run the allocation but nothing happens because there isn’t anything there to allocate. Rookie mistake.
What are your thoughts?