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Feature of the Month - November 2011
Setting the Foundation - Creating Accounts
Accounts are used to define unique funding sources such as a state fund, grant, contract, gift fund or clinical income. The naming convention for this code often varies between institutions and may depend on your General Ledger system. The Accounts option allows the user to define account numbers. Account numbers defined through this option are used in other modules.
Creating accounts in IT Works Software is done as part of the software setup process. In last month's article, we discussed setting up codes to describe your grant, accounting and personnel records. Once these codes, which allow you to track and report on different attributes of a grant, are defined, the next step for the accounting module is to create funding sources-accounts. Click here to learn more...