Example
The Psychology department is transferring funds from the General Fund to cover expenses for a faculty research project. Funds need to be transferred from account 1031400 to account 2231402 to fund research expenses.
The Pending Ledger Entries show a debit entry of $2000 to Object Code 9900 (Transfer Out) on Account 1031400 and a credit entry of $2000 to Object Code 9915 (Transfer of Funds - Revenue) on Account 2231402, with system generated offset lines to the appropriate cash object code for each account.
Administrative Transaction
E-Docs