Name* | Enter the fund's name or description up to a maximum of 63 characters. |
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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. |
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N/C* | Enter the Capital and Reserves nominal code to be associated with the fund.
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O/Balance | Enter any balance already held for your fund. |
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Balance | This is the current balance of the fund and automatically calculates from the transactions posted to the fund. |
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Contact | Use this to enter any contact name associated with the fund. |
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Institution | Use this optional field to enter the name of the holding institution associated with the fund. |
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