Creating Payables fund accounting rules

To access fund accounting rules in Payables, you must select the Turn On Fund Accounting check box in the finance enterprise group.

See Creating finance enterprise groups.

  1. Select Payables > Administration.
  2. In the General panel, click Fund Accounting Rules.
  3. Click Create.
  4. Complete the fields.
  5. 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.
  6. Click Save.