How do I update the GL accounts for Gifts?
- 01 Jun 2023
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How do I update the GL accounts for Gifts?
- Updated on 01 Jun 2023
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In the gift module, after entering the FUND ID (of the fund that is receiving the gift), the General Ledger tab auto-fills the general ledger accounts debit/credit to which the gift will be posted. Is there a table where we set up what accounts auto-fill? Can we update those GL accounts?
Answer:
The default GL accounts are determined first by the Fund Class and then by the Gift Type. They can also be manually changed when a gift is created. If you were to change them you must realize that the defaults for all future gifts of that type would change.
- The Fund Class defaults are defined in File Maintenance > Funds > Fund Code Maintenance > Fund Class. Select a Fund Class and click on Edit. The default GL accounts are defined there.
- The Gift Type accounts are defined in File Maintenance > Gifts > Donor and Gift code Maintenance > Gift Type. If any Accounts are entered on this table, they will override the defaults set by Fund Class for this Gift Type.
- New Gift Types can be created if needed.
- Unique situations that do not apply to all Funds or Gifts of this type should be implemented manually.
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