How to create a new Fund

Owned by Knowledge Assistant
Last updated: Nov 18, 2024 by Moriah Yorkey
1 min read
Description of Issue

I need to create a new fund

Context

  • General Ledger

  • Set up chart of account

  • Fund Attributes

Cause

New Funds are needed for the new year

Resolution

Financials > General Ledger Menu > Set up chart of accounts > Chart of account segment

  1. Click Accept 

  2. Click Add

  3. Enter in the Description information

    1. Fund 

    2. Description

    3. Short Description

    4. Obligation date

  4. Complete the Fund attributes section

    1. Multi-year fund

    2. Available budget method

    3. Requires project string on entry

    4. Standard fiscal year

    5. Fund type

    6. Revolving fund

    7. Pooled cash account

    8. CAFR Type Fund

    9. Secondary balancing level

  5. Click Accept

Additional Information

After creating the Fund the next steps would be to:

  1. Create Segments (if needed) 

  2. Create Organization Codes 

  3. Create Object Codes (if needed) 

  4. Create Accounts

Master Article - General Ledger chart of accounts creation

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