Fund Control Account

The Fund Control Account is a system account. It is used by the system to ensure that fund balances as shown in reports are always current. The balance on this account must always be zero.

In the course of normal use there is no reason why this should not be so.

Alert message from Year End Accounts process

For users that invoke the Year End Accounts process with a fund control account balance an alert message will display and the process is halted. The fund control account balance will need to be cleared.

It may be possible that an historic transaction(s) were not allocated to a Fund. In that case there would be a balance on the Fund Control Account. This will need correction.

Note if year-ends have been closed it may be necessary to reopen them to to allow analysis of the transaction(s)to add a Fund. If the user needs assistance with this please make contact with the help desk.