Page Comparison

Fund Accounting HBP 2.1

• Account Structure (Chart of Accounts)
  • Subaccount List

Types of Funds HBP 2.2

• Categorized according to their funding sources and how they typically operate.
  

  Clickable
  link https://afm.utexas.edu/hbp/part-2/2-types-of-funds
  Education and General Funds (14- and 20-accounts) Designated Funds (19-accounts) Contracts and Grants (26-accounts) Gift Funds (30-accounts) Endowment Funds (57-accounts)

• Account Creation and Control (including Inactivation)

• Balance Forwards
  • Rule 50 allows balances to be brought forward to the same income or expenditure subaccount where they existed at fiscal year-end.
    • An optional rule that can be applied to any 18-, 19-, 29-, or 30- budget group.

• Account Reconciliation

• Funds Transfers
  • Budget Transfers - FRMS Transfer System Guide
  • Voucher Adjustments and Corrections - VT6 Guidelines

from the Handbook of Business Procedures