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Although it is advisable to determine the funding source prior to establishing a Loan Master profile within GMS-RLSS, it sometimes becomes necessary to make changes. Perhaps an administrative decision has been made to utilize a different funding source, or maybe a data entry error was made when the Loan Master file was entered. GMS-RLSS can handle funding source changes if specific steps are followed.
First, determine if any activity has been posted to the loan. If no activity has been posted, simply edit the Loan Master file with the new funding source. Since no activity has yet been posted to the loan's history, there are no repercussions to editing the funding source.
However, if activity has been posted, the funding source can still be changed; it just requires a little more effort. Consider that when the activity was originally posted it became a part of the Monthly Activity Report and was allocated to the funding source within the Loan Master file at that time. This report may have been utilized by accounting for journal entries, or reports may have been provided to staff or funders which showed the loan as part of the original fund. Since the funding source is now changing, those reports are no longer accurate. Be sure your accounting department is aware you are about to change the funding source before proceeding.