Revised: 11/30/2012
Go to Maintain>>IFC Setup
This program is used to setup and maintain Interfund codes that are used to automatically post amounts to an interfund receivable and payable general ledger account number for all payroll transactions referencing an interfund code.
If your company does not use interfund codes these files may be left blank.
See Also:
NOTE: The Interfund Code Master is also available in the Financial Module with the same information/database.
For a new interfund code, enter a unique code of up to 4 alpha numeric characters in length.
For existing interfund codes, enter the code and press F9 or select the interfund code you wish to view or edit. The code itself is a key value and cannot be changed.
Enter a description for a new interfund code of up to 30 characters in length.
For an existing interfund code, the description will be displayed when the code is selected. The description may be changed at any time.
Enter or select a company or fund code for the receivable interfund code. The company or fund must be an existing one. Do not enter a code here that has not been previously set up.
Enter or select the account number that you want the receivable amount to interface into.
If you are selecting, the browse box will be limited to account numbers within the company/fund code that was selected.
If you are entering the account number, the field will not allow an account number to be accepted unless it is from the company or fund that has been selected.
If you are setting up an interfund code for multiple companies, each with their own general ledger, then there is no need to enter a segment value. Leave the field blank.
If you are using one company with multiple funds within it and each fund must balance, then select the segment value that matches the balancing segment set in General Ledger Settings in the Financial module.
For example:
Company C001 has 5 funds with values of 01, 02, 03, 04, and 05 as the funding segment. In the Setting File you selected the funding (first) segment for the Balancing Control. You are setting up an interfund code for fund 05...so you choose the account number of 05.1000.1000.000 for the Interfund Receivable Account. The segment value you would enter would be 05.
The segment fields shown here are used to setup controls for more than one segment.
Enter segment values into the appropriate fields (1-9) to setup multiple segment controls for receivables.
Enter or select the company or fund code for the payable interfund code. The company or fund must be an existing one. Do not enter a code here that has not been previously set up.
Enter or select the account number that you want the payable amount to interface into.
If you are selecting, the browse box will be limited to account numbers within the company/fund already selected.
If you are entering the account number, the field will not allow an account number to be accepted unless it is from the company or fund that has been selected.
If you are setting up an interfund code for multiple companies, each with their own general ledger, then there is no need to enter a segment value. Leave the field blank.
If you are using one company with multiple funds within it and each fund must balance, then select the segment value that matches the balancing segment set in the General Ledger Settings view.
For example:
Company C001 has 5 funds with values of 01, 02, 03, 04, and 05 as the funding segment. In the Setting File you selected the funding (first) segment for the Balancing Control. You are setting up an interfund code for fund 05...so you choose the account number of 05.1000.1000.000 for the Interfund Payable Account. The segment value you would enter would be 05.
The segment fields available here are used to setup controls for more than one segment.
Enter segment values into the appropriate fields (1 - 9) to setup multiple segment controls for payables.