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Administrator Guide
Last Updated: 2023-06-23
Create Funding Source Rules

Create Funding Source Rules

  • Specify a project or project hierarchy as the top-level project hierarchy on the
    Edit Tenant Setup - Financials
     task.
  • Create a default funding source.
  • Create a funding source.
  • Security:
    Set Up: Funding Sources
     domain in the Financial Accounting functional area.
You can create funding source rules to prioritize and allocate funds across different projects.
  1. Access the
    Create Funding Source Rule
     task.
  2. As you configure the funding source rule, consider:
    Option Description
    Project or Project Hierarchy
    Select a project or project hierarchy in the top-level project hierarchy you specified on the
    Edit Tenant Setup - Financials
     task.
    You can't assign a project or project hierarchy to more than 1 funding source rule.
    You can’t change the project or project hierarchy after you create the funding source rule.
    Default Funding Source
    Select 1 of the default funding sources you defined on the
    Create Default Funding Source
     task.
  3. (Optional) As you complete the
    Funding Source Priorities
     grid, consider:
    Option Description
    Funding Source Condition Rule
    Select a funding source condition rule. When an eligible transaction matches the condition rules, you can disburse funds from a funding source.
    Funding Source
    Displays the funding sources of the companies you selected on the
    Company or Company Hierarchy
     prompt.
    Each priority can have more than 1 funding source but all funding sources in a priority must have the same currency.
    Percentage
    Enter a percentage if the priority has more than 1 funding source. You can change the percentage whenever you want.
    For funding sources with cost sharing:
    • Workday automatically populates
      Maximum Contribution (%)
       from the
      Create Funding Source
       task.
    • You can change the percentage but it can’t be more than what you specified as the
      Required Cost Share or Match (%)
       on the
      Create Funding Sources
       task.
    • The sum of the percentages within a priority must equal 100.
    Current Available Balance
    Workday automatically calculates the current available balance for the funding source, including pending reclassifications.
(Optional) Use the
View Funding Source Rule
 task to view details of the funding source rule.