The software goes through the following process:
  • The system uses the class on the transaction first
  • If there is no class on the transaction, it uses the class on the account record
  • If there is no class on the account record, the system uses the class on the account code
  • If there is no class on the account code, it uses the default class defined on the fund
Note: Net asset class is not assigned by project. The net asset class (or classes) of the project is determined by the net asset class (or classes) assigned to the individual transactions associated with the project.