Create a fund record
Description

Charitable funds allow you to categorise donations and funds received when using the charity option in Sage 50 Accounts for reporting purposes. 

Cause
Resolution
  1. Click Charitable funds and click New.
  2. Complete the Add Fund window as follows:
    Name*

    Enter the fund's name or description up to a maximum of 63 characters.

    Type*This specifies the type of fund you're creating. You can choose any of the following Fund types:
    • Unrestricted - Funds with no restriction placed on how the money is spent
    • Restricted - Funds where the income or donation is held for a specific purpose
    • Endowment - Funds where income from a donation of money or an asset is held to generate long-term income


     NOTE: There are no restrictions placed in Sage 50 Accounts over how you use a fund. The Fund Type is for reporting purposes only.

    N/C*

    Enter the Capital and Reserves nominal code to be associated with the fund. 





    O/Balance

    Enter any balance already held for your fund.

    BalanceThis is the current balance of the fund and automatically calculates from the transactions posted to the fund.
    ContactUse this to enter any contact name associated with the fund.
    InstitutionUse this optional field to enter the name of the holding institution associated with the fund.

    * denotes a compulsory field.

  3. Click OK and click Close.
Steps to duplicate
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