Field

Description

Fund Segment

Select the portion of the GL number referenced when determining whether interfund transactions are needed.

Clearing Fund Number

Setting the segment enables you to select a particular Clearing Fund Number associated to that segment.

Interfund Method

Set what method to use when determining the type of balance tracked. The following two methods are available:

Single Due to / Due from

Clearing Fund / Central Treasury

Activate Interfund Management

Distribution Processed

Fund Number to Balance

Define the originating fund target. Select the identifier from the list available for the specified segment. This is the owner of GL account referenced for interfund transactions for the particular segment. For moving companies, the Fund Number can be your company or branch specification.

Offsetting Fund Number

Define the destination fund target. When transactions occur between this fund and the originating fund, then offsetting entries will be created for debits and credits that are out of balance between the two funds. This offsetting transaction is recorded to the corresponding Due To / Due From Account.

Due To / Due From Account

Provide the offsetting GL account to record offsetting transactions between the originating and destination funds.

Transaction Description

Provide an optional, default description for the offsetting transactions generated by the Advanced Interfund process.