The function is used to link a cost centre to a default ‘Fund’ code.
Why would I wish to make use of this facility?
· Administer the functioning of the system via the Administrative Panel
· Cost Centres must be linked to a default fund code which will be used as a default when posting levels are created – where applicable
· Example of Applicability:
· In the case where the user is creating posting level type ‘Balance Sheet’ and is creating an Opening Balance account, the opening balance line will be linked to ‘Non-funded Transactions’ whilst the remaining balance sheet accounts that are linked to the opening balance will be linked to the default fund code indicated on this function.
