Revised:  06/02/11

How to Set Up an Interfund Code

Go to Maintain>>IFC Setup

• Enter a unique alpha numeric Interfund Code and corresponding Description

• Interfund Receivable Setup - represents the "Due From" portion of the transaction.

• • Select the appropriate Company/Fund Code.  This is the ledger where the receivable portion of the transaction will be recorded.

  • Select the general ledger receivable (Due From) Account Number for the fund.

  • Segment Value should be left blank for the receivable transaction.

• Interfund Payable Setup - Represents the "Due To" portion of the transaction.

• • Select the appropriate Company/Fund Code.  This is the ledger where the payable portion of the transaction will be recorded.

  • Select the general ledger payable (Due to) Account Number for the fund.

  • Segment Value is recommended, but optional.  Enter the value of the balancing segment.  For example, if you are paying bills for "Fund 1000", you would enter 1000 in the Segment Value.