General transfers from one project to another, or to a group of projects, can be done using the general transfer accounts 40997 / 58497.
Example: Project A would like to distribute some of its revenue receipts to other projects
Same Department: Entry is input using a Journal Entry with a source code of O60.
Different Department: Entry is input using the IDT system. Using transaction type IDJ, Project A would “charge” Project B $-2000.00 and “charge” Project C $-3000.00. Use account 40997 for both the Biller and Payer sides of the transaction.
If you have questions that are not answered in this article, please contact the University Controller’s Office, Cash Management, at email@example.com.