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Administrator Guide
Last Updated: 2023-06-23
Create Default Funding Sources

Create Default Funding Sources

Security:
Set Up: Funding Sources
 domain in the Financial Accounting functional area.
You can create a default funding source that a funding source rule can use when no other funding source is available for the project.
  1. Access the
    Create Default Funding Source
     task.
  2. As you complete the task, consider:
    Option Description
    Not Available for Selection
    Leave unchecked to enable the default funding source added to a rule.
    If selected, you can't add the funding source to a new funding source rule. Existing rules with the funding source previously added will continue to use it.
    Worktags
    Select worktag types and worktags to define funding source at a more granular level of detail.
    Select from worktags configured for
    Funding Source
     on the
    Maintain Worktag Usage
     task.
    You can’t select the
    Project
    ,
    Project Phase
    ,
    Project Task
    ,
    Spend Category
    , and
    Pay Component
     worktag types.
    When you don't select a worktag type on the default funding source, Workday:
    • Retains worktags of the original transaction on the reclassification journal lines.
    • Adds the funding source as a worktag.
    When you select a worktag on the default funding source, the worktag replaces the retained worktags on the original journal lines when you reclassify the journal lines.
    Example: You create the ABC default funding source without a worktag for the
    Cost Center
     worktag type. When you reclassify an original expenditure with a worktag of 1000 for the
    Cost Center
     worktag type, Workday:
    • Retains worktags of the original transaction on the reclassification journal lines.
    • Replaces the 1000 worktag on the original expenditure with no worktag.
    • Adds the funding source as a worktag.
    • Creates reclassification journal lines with no
      Cost Center
       worktag types.
Use the
View Default Funding Source
 report to view details of the default funding source.