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How do I move money from one project to others to distribute revenue, but keep the revenue amount in Project A for reporting purposes?

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.

Project A409975,000.00
Project B40997-2,000.00
Project C40997-3,000.00

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.

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Updated on July 1, 2022

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