Note: The Configuration option for Interfund Sets in General Ledger is available only with the optional module Allocation Management. To use interfunds in Journal Entry, refer to How to configure Interfund entries for Journal Entry use in General Ledger 7.

Adding an interfund entry set:
 

  1. From the Configuration page, click Interfund
  2. Click New Interfund Set
  3. Enter an Interfund set ID and Description
  4. On the General tab, click New Interfund Entry.
  5. In the When creating a transaction that will post a DEBIT to... this fund or account [ ] and that will post a CREDIT to... this fund or account [ ] fields, enter non-balancing debit and credit funds or accounts from a distribution
  6. In the Automatically create these balancing interfund entries: create a CREDIT to [ ] to balance within and a DEBIT to [ ] to balance within fields, enter debit and credit funds or accounts that balance the non-balancing funds or accounts. These are interfund entries.
  7. Click Save and Close to save the interfund entries and return to the Add an Interfund Set page
    Note: If the funds or accounts you entered are not valid debit or credit accounts, or if the interfund entries do not balance, General Ledger asks you to enter valid accounts.
  8. On the Blackbaud Systems tab of the Interfund Entry Set page, mark the Blackbaud programs in which to use the interfund entry
  9. Click OK to save the interfund set and return to the Interfund page
  10. In the Use this interfund set by default when creating new transactions field, you can select an interfund entry set to use as a default when creating transactions.

Adding an interfund entry:

  1. From an open interfund set, click New Interfund Entry
  2. In the When creating a transaction that will post a DEBIT to... this fund or account [ ] and that will post a CREDIT to... this fund or account [ ] fields, enter non-balancing debit and credit funds or accounts from a distribution
  3. In the Automatically create these balancing interfund entries: create a CREDIT to [ ] to balance within and a DEBIT to [ ] to balance within fields, enter debit and credit funds or accounts that balance the non-balancing funds or accounts. These are interfund entries.
  4. To save the interfund entry and return to the Interfund Entry Set page, click Save and Close. If the funds or accounts you entered are not valid debit or credit accounts, or if the interfund entries do not balance, General Ledger asks you to enter valid accounts.

Refer to the Interfund Configuration section of the Configuration Guide for General Ledger (PDF) for complete instructions.