How do I apportion my Opening Bank/Cash Account balance to more than one Fund?

How do I apportion my Opening Bank/Cash Account balance to more than one Fund?

By default, Bank/Cash Account opening balances are credited your "General" Fund.

If you need to apportion or allocate the opening balances to one or more Funds you can use a Fund Transfer to manage this as follows:

• Create new Fund(s) if you haven't done so already (Nav: Funds > Fund Balances > New Fund)
• Create a Fund Transfer (Nav: Transfers > Fund & Event Transfers) to allocate a portion of your Account Opening Balance from the General Fund to your new fund(s) as required using the same opening balance date*. (Note you can allocate to multiple funds in the Fund & Event Transfer form)
  • *If your opening balance date is in a prior financial year you will need to temporarily change your Financial Year-End date to this year (Nav: Setup > Organisation)