Fund Transfer Overview
A Fund Transfer is a type of journal entry, created to move cash or equity from one combination of worktags to another. Fund transfers are not used to reclassify spend or revenue procurement transactions. (see the ‘Create Manual Journal Entry’ Job Aid in the Administrative Resource Center). All fund transfers must contain either a Revenue (RCXXXX) or Spend (SCXXXXX) category.
EHE Guidance: All Fund Transfers are approved at the College Level. The Fund Transfer Balancing Report should be run weekly to reconcile Transfers In/Out of the Department.
