Fund Posting Setup

Define setup for posting to G/L.

less than a minute

Fund Posting Setup is designed to map the financial transactions related to project funding. It links specific project posting groups, funder posting groups, and fund posting groups with the correct credit and debit accounts, ensuring accurate tracking of fund usage.

This setup ensures accurate posting of project-related funds by associating each group with specific accounts for credits and debits. The configuration is customizable based on project, funders, and fund types.

Set Posting Groups

Project Posting Group: Selected on the Project Card from Project Posting Groups list.
Funder Posting Group: Selected on the Customer Card from Customer Posting Groups list.
Fund Posting Group: Selected on the Fund Card from Fund Posting Groups list.
Usage Credit Account: Specifies the general ledger account that should be credited on posting usage allocation entries.
Usage debit Account: Specifies the general ledger account that should be debited on posting usage allocation entries.

Warning

If fund allocation is contract-specific, the Project Posting Group is set on the Customer Card.

This setup allows flexible financial management based on various project stages and funding sources, ensuring that transactions are recorded accurately in the general ledger.