Process for Creating Funds

Lauren Crapo

Hello All!


We are currently trying to come up with a process for creating funds within RE. Our current process is that the Operations side handles the creation of funds, while Finance provides all the account codes and GL distributions, but the communication can be challenging at times. I was wondering if anyone had any processes and procedures they would be willing to share. We are having a difficult time communicating between the 2 departments on what the correct information for each fund should. Our operations manager has maybe suggested having a form that both departments must fill in and sign off on in order to create a fund. If anyone has something of this nature they are currently using, or has another process that works well for your organization, all suggestions are welcome!


Thanks so much!

Lauren

Grady Health Foundation

Kylea Johnson

I recommend having Finance help you set up defaults for new funds, so you can "copy from" those to set up GL Distributions.