How to create and apply a custom allocation group in Lacerte

This article will help explain how to create a custom allocation group in the partnership module, and to enter the information all at once. For example, if you have 140+ partners in a partnership return and 140 of them have special allocations. 

How to create a custom allocation group

1. Open Screen 29, Special Allocations.
2. Select Manage Groups.
3. In the Custom Allocation Groups window, select Add.
4. In the Modify customgroup window, enter the name for the allocation group in the Group Name box, then enter a description in the Description box.
5. To add partners to this group, select one of the predefined filters or select the partners you want, then select Add.
6. In the Allocation Method menu, select Percentage or Amount.
7. In the Allocation Amount column, enter the specially allocated dollar amount for the partner, or in the Allocation % column, enter the specially allocated percentage (in xx.xxxxxx format) for the partner.
8. Select OK to save the custom group.

When the box to proforma is selected, the group and percentages applied to groups do proforma.

Use a custom group as an allocation method?

1. Open Screen 29, Special Allocations.
2. In the Section list, select the appropriate folder to expand the tree.
3. In the expanded Section list, select the item.
4. In the Allocation Method menu, select the custom group.

This custom group can only be applied to the input in Screen 29.