Create Recurring, General Ledger, or Budget Entries

Create Recurring, General Ledger, or Budget Entries

After the Cash Requirement value is recorded (either through Spending Policy Calculations, Import Spending Policy, or Manual Adjustments), the Create Recurring, G/L, or Budget Entries utility allows you to work with the following options:

• Recurring Entries: Uses Recurring Entries to automatically spread each Fund’s Cash Requirements (the result of the Spending Policy Calculation) over 12 periods (or another selected interval), and to create a debit and credit entry to the appropriate accounts for each period.

Note: See Maintaining Recurring Entries in the General Ledger module for information about recurring entries.

• G/L Entries: Creates General Ledger Journal entries (one debit and one credit) for selected Funds based on the Cash Requirement value or Administrative Fee value. For example, you can use this option to move the Cash Requirements value of each Fund from the Non-spendable to the Spendable Balance.
• Budget Entries: Creates budget entries for any General Ledger account (normally the Grants Expense account).

Note: The fields that display on the Create Recurring, G/L, or Budget Entries window vary for each type of entry.

Create G/L Entries (Spending Policy)

Create Recurring Entries (Spending Policy)

Create Budget Entries (Spending Policy)

Create Budget Entries (Admin Fees)

Derive the Available to Grant Amount from a Grants plus Admin Spending Policy