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When are accounts automatically built for funds?
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I have added a new account to the Master Chart. When will it get added to existing and new funds?
Answer:
There are two instances where FIMS will automatically add GL accounts:
So if 12500 is the new securities account and you want it added to all endowed funds when a new one is created, and endowed funds are a 00 fund class, then add 00 to the 12500 line in the master chart. Which column you add it to is not important, but it is easier to read if all the 00's are in the same vertical column.
Whenever you then add and save a new fund and automatically build accounts or run the Mass Add utility, the new GL account will be added if the fund class matches the classes recorded in the master chart of accounts.
- Add a new Fund.
- Run the Mass Add/Delete tool.
So if 12500 is the new securities account and you want it added to all endowed funds when a new one is created, and endowed funds are a 00 fund class, then add 00 to the 12500 line in the master chart. Which column you add it to is not important, but it is easier to read if all the 00's are in the same vertical column.
Whenever you then add and save a new fund and automatically build accounts or run the Mass Add utility, the new GL account will be added if the fund class matches the classes recorded in the master chart of accounts.
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