Transfer of Funds (TF)

This e-doc is used to transfer funds (cash) between accounts. It could be used to cover an overdraft, reimburse an account for an expense, or fulfill a funding commitment.

Any KFS user can access the Transfer of Funds (TF) e-doc, but it will be used primarily by financial staff in financial transaction or business service centers, financial managers, financial specialists, or administrative managers.

Examples of Uses for the TF e-doc

• Provide annual funding for designated priorities (faculty research, professional development, etc.)
• Transfer department or college support for an event such as a conference or symposium
• Transfer funds so units can fulfill debt service requirements
• Fund construction projects
• Provide funding for campus priorities, funding shortfalls, and funding new initiatives

Tips for TF e-docs

The TF e-doc is used to transfer funds, not costs, and must be approved by a fiscal officer ordelegate.

• Negative amounts are not allowed
• Use an object code sub-type of TN (non-mandatory transfers)
• Both the From and To sections must contain entries
• The From section will always debit the object code used, and the To section will always credit the object code used