Defining Funds
A fund must be setup for each specific fund in your organization. Don't forget to also set up a fund for the general fund. Navigate using
Description of Page
Enter a Fund and a Description to identify the fund.
If this fund is used to balance other funds or to hold cash, indicate a Fund Type of General, otherwise indicate that it is Specific.
If the fund type is Specific, specify the Equity Distribution Code and Liability Distribution Code. These codes are used to balance financial transactions that span funds. The equity distribution code should belong to the same Fund as the one you are defining. The liability distribution code should belong to the general fund.