Interfund Management

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Posted on by NGilbert

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I am in need of information surrounding Interfund Management. Is it possible to have several due to/due from accounts within one fund?

For example, let's say I have 5 funds in my GL structure, and each of these funds could have 6 different due to/due from accounts within each fund. Is this possible? So in effect, I need to track not only distributions between funds, but some interfund balances within a fund as well.

I know Interfund will work with a transaction from a fund 10 account (10-1000) to a fund 20 account (20-1000), but is there functionality to track a due to/due from when the transaction is from one fund 10 account (10-1000) to another fund 10 account (10-1100) with still being able to report on true interfund transactions (between fund 10 and 20)?

Any help is much appreciated!

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