Interfund Sets

Use interfund sets to balance distributions between accounts in different funds. Each set defines the offsetting debit and credit funds or accounts needed to create a balanced post batch. When you save a set, Financial Edge NXT checks that its interfund entries balance. Learn how interfund entries work with Journal Entries.

Note: After a transaction posts, you can't change its interfund entries.

From Settings, select General ledger, then select GL setup and Interfund sets.

Add Interfund Set

1. Under General ledger settings, select Add.

   Tip: Use the interfund sets list to edit or delete a set.

2. Enter an ID and description for the interfund set.

3. Under Interfund settings, select the subledgers that use this interfund set. You can also make the set the default for a subledger.

4. Under Interfund entries, enter the debit and credit funds or accounts from the distribution that need balancing. Then enter the funds or accounts that offset those amounts.

   Tip: To reuse existing interfund entries, select Add from copy.

5. Select Save.

Interfund Masking

When you define source account numbers for an interfund entry, use account masks to include a range without entering each account number. Replace each digit you want to vary with an asterisk (*), which represents any digit from zero through nine.

To include every account in one fund, enter the fund segment and mask the other segments. For example, 01-*****-** includes all accounts in Fund 01.

To include accounts across all funds, mask the entire account number. For example, **-*****-** includes all accounts in all funds.