Rationalise ID Accounts

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Rationalise ID Accounts

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If the PBC option to use Interdepartmental Accounts (ID accounts) is set then use the rationalize function to create a GL journal using the funding department as the main account.

The rationalize process is as follows with dept A being the fund department:

Dept A owes dept B $100

Dept A owes dept C $60

Dept B owes dept A $200

Dept C owes dept A $150

Dept B owes dept C $30

 

Then after rationalization:

Dept C owes dept A $90

Dept B owes dept A $100

Dept B owes dept C $30

 

Rationolise

The date is used to stamp the gltrans record with a transaction date.