.A fund is a pool of money set apart for a specific purpose. Each fund is defined by the source of its money and the restrictions placed on your use of this money.
A GL fund is a required segment of your agency’s account numbers. You must maintain one GL fund record in the General Ledger program for each of your agency’s funds.
For each fund, you can also set up interfund accounts.
Note: You cannot delete a fund for which you have any accounts or transactions. You will usually delete only funds that you have never used.
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