Fund Control Account - Direct Disbursement Cash

Owned by Knowledge Assistant
Oct 29, 2021
1 min read





Description of Issue

Is Direct Disbursement Cash control required for Direct Disbursements for a Fund?



Context

  • Account Master

  • Balance Sheet

  • Control Accounts

  • Direct Disbursement (DD)



Cause

User questioning if a Direct Disbursement control is needed for fund



Resolution

  • Not Required Control account

  • Munis will use the AP Cash Control account unless a site adds a Direct Disbursement control in Account Master for the Fund.



Additional Information

  • This account is optional and affects the Direct Disbursements program. 

  • If direct disbursements are drawn from a Petty Cash Account, not from the AP Cash Control account, setup the Petty Cash Account as the Direct Disbursement Cash Control Account. 

    • Entering a petty cash account here causes the system to use this account as the default cash account when an invoice is coded as a Direct Disbursement. 

    • If this field is blank, the system uses whatever cash account is specified in the AP Cash Control Account.