Introduction
A fund is a pool of money that is allocated for a specific purpose. A fund can be established for any purpose whatsoever, whether it is a city government setting aside money to build a new civic center etc.
Fund Accounting is a self-contained accounting with its own assets, liabilities, revenues, expenditures and fund balance.
Data Table
*Name | *Code | Identifier | *Level | Parent Fund | Isnotleaf |
---|---|---|---|---|---|
Municipal Fund | 01 | 1 | 0 | Nil | False |
Grant Fund | 02 | 2 | 0 | Nil | False |
Public Fund | 03 | 3 | 0 | Nil | False |
Procedure
Data Definition
Name:
Code:
Identifier:
Level:
Parent Fund:
Isnotleaf
Steps to fill data
Validations
Do’s and Don'ts
...
Download both the attached template and to updated all the details as per the above information in the empty template provided. The sample data template can be used as a reference to fill in the data.
Read through all the information above before updating the template with relevant information.
Validations
All the fields with * sign are mandatory to be filled in. Without this information, the system configurations cannot be executed.
Attachments
Refer to “Chart of Account” in the uploaded template.
For sample data reference, refer to the uploaded “sample date” file.