Accounting Office / Accounts Payable

Purpose:

To provide a means of transferring funds between non-general fund accounts. This transaction will appear as an Allocation on the departmental statement.

Limitations/Restrictions:

1. Both sides of the transaction must use a transfer class code. a.) Transfer class codes beginning with T0 are used for the accounts receiving funds.
   b.) Transfer class codes beginning with T9 are used for the accounts that are being transferred.
   c.) Please review the list to find the transfer class codes most appropriate for your purpose.
   
2. Restricted to non-general fund accounts.

How to Complete a TFB:

• Enter TFB in the T/C column.
• Amount to be moved.
• Fund-Account the amount is to be moved from.
• Section-Project of fund-account that the amount is to be moved from. Completion of this area is optional.
• Class code.
• An override (O/R) indicator of O should be used if the account you are moving the amount from is closed.
• Fund-Account the amount is to be moved to.
• Section-Project of fund-account that the amount is to be moved to. Completion of this area is optional.
• Class code.
• An override (O/R) indicator of O should be used if the account you are moving the amount to is closed.
• Explanation for the transaction.
• Department head signature and date.

Routing:

If any 4XX fund accounts are entered, send to the Sponsored Programs Accounting Office at 3609 Administrative Services Building. Send all others to the Accounting Office at 3606 Administrative Services Building.

Please call Carole Gill at 294-5181 if you have any questions.

Last Updated July 27, 2007.