Since we have bought a new ERP system, our institution is in the process of designing the chart of accounts and I would like to have some feedback about the concept of the “fund” component and “unique identifier component” for a grant. Currently our fund component captures the source of funds and whether the fund is unrestricted/temporary restricted or restricted. The consultant of the new ERP system influenced our controller/accounting office that the fund should not capture the source of funds at all and that the unique identifier should capture the source of fund of the particular grant. Since I came from other universities in that the fund implied the source of funds, I did not agree with that concept at all. Any feedback is greatly appreciated.

Thanks!

Dora G. Espinosa, MBA

Director

Office of Sponsored Research

Rosalind Franklin University of Medicine and Science

Ph: (847) 578-8524

Fax: (847) 775-6555

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