Creating Payables fund accounting rules

  1. Select Financials > Payables > Payables Setup > Fund Accounting Rules.
  2. Click Create.
  3. Specify this information:
    Type
    Select whether the fund accounting rule is for Expense Accrual or Payment.

    Create the same rule set for both types. Creating the same rule set ensures that the same logic for these account entries:

    • Payables invoice accrual general ledger account entries with a type of Expense Accrual; and
    • Corresponding offset invoice accrual general ledger account entries created for payment processing with a type of Payment.
    Priority
    Specify a number for the priority of the rule relative to other fund accounting rules.
    Name, Description
    Specify a name and description for the fund accounting rule.
    Distribution Rule
    Select the distribution rule that will apply to the fund.
    Finance Structure
    Select the finance structure elements for the fund accounting rule.
  4. Click Save.