A function worktag represents NACUBO (National Association of College and University Business Officers) functional classifications and used to drive classification of expenses on GASB (Governmental Accounting Standards Board) financial statement
What Impact Do Function Worktags have?
Mislabeling expenses as “FN100 Instruction” can give an impression that instructional costs are high and the function worktag can be used to analyze different “blocks” of funding
What are the Most Common Function Worktags I should use?
FN100 – coming soon
FN130 coming soon
FN110 coming soon