Allow automatic interfund journal entries using more than one intercompany G/L account within a fund

Currently if a fund (Fund 1) transacts with multiple other fund, NXT is not capable of creating automatic interfund journal entries to multiple fund 1 G/L accounts. Example: if Fund 1 has 2 intercompany G/L accounts on its ledger, one for transactions with fund 2 and one for transactions with fund 3 the system can only create automatic journal entries to one of those accounts. The functionality works fine in the subledgers but not in the G/L for journal entries. This creates inefficiencies in both data input and account reconciliations as well as a greater risk of errors. This functionality exists in the subledgers as well as other systems I have used. I hope it can be added in the near future.

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  • Feb 12 2024
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General ledger
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  • Geoffrey Goodfellow commented
    16 Sep 13:20

    I came to the idea bank to post this exact idea and came across this existing one so have added my vote. In GL Setup > Interfund, we have long-standing interfund entries mapped between all of our funds, and this works as intended in the sub-ledgers. However, it appears that Journal Entries interfund doesn't respect this setup. Instead, it is set in GL Setup > Fund where I am limited to a single interfund debit and credit account which is not possible when we have multiple fund interactions.

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