What This Screen Shows
- The browse screen should show all active funds in OpenRDA.
- When a fund is selected, the maintain screen defines how a fund is classified based on the following:
- Description
- Reporting Title
- Classification
- Type
- Group it Belongs to
Best Practices
- Reports - In order to properly view certain Financial Management reports (ex. G/L by Fund Report and G/L by Group Report), the fund must be defined by populating the available fields on the maintain screen.
Maintain Fund Definition
- Finance → Financial Management → Setup → Financial Reporting → Maintain Fund Definition
- If you wish to add a fund to the list of funds on the browse screen, click Add (+ symbol).
- Populate the appropriate fields to define how the fund should be classified.
- When you are finished, click Save (two disks and menu symbol).
- To view the fund, click Select (Process wheel).
| FIELDS | Opt. | Rec. | Req. | Description |
|---|---|---|---|---|
| Fund | — | — | ♦ | The fund that is being defined |
| Description | — | ♦ | — | The description of the fund |
| Title 1 and 2 | — | ♦ | — | When running certain reports in Financial Management (see Best Practice above) a title is recommended so the report shows what the fund is |
| Fund Classification | — | — | ♦ | Choose between four classes:
|
| Fund Type | — | — | ♦ | Choose between nine preset options to determine the fund type |
| Fund Group | — | ♦ | — | If groups are available, choose a group to include a fund that best fits with other funds in that group; important for reporting purposes |
| Opt. = Optional Rec. = Recommended Req. = Required | ||||