Setting Up Funding Sources

You set up funding sources to use for pension payments.

To set up funding sources

  1. Access Pension Funding Sources (PR04.1).
  2. Select the process level for which you want to set up funding sources in the Process Level field.
  3. Select the department for which you want to set up funding sources in the Department field.
  4. Define the funding source. Use the following guidelines to enter field values:
    Source

    Type the code you want to represent the source.

    Payment Description

    Type the description that appears on pension payments.

    Status

    Select whether the funding source is active and can be used for pension payments.

    User Field

    Type any custom information you want to associate with this funding source.

    Note: Payroll does not perform any edits or validation of this field.
    Account

    Select the General Ledger account to which you want to post pension expenses associated with this funding source.

  5. If you want to post pension expenses that use this funding source to an activity, select an Activity and Account Category in the Activity fields.
  6. If you want a more detailed description of the funding source to print on activity reports, type the description in the Description field. If you leave this field blank, the payment description field defaults on the activity reports.
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