Cash
Funds
Targeted savings for future obligations.
A fund is one or more earmarked accounts. A payroll fund and a tax fund are created by default, and the others are set up by the finance specialist or the manager.
Included in the “Start” edition and higherCompare editions
What is inside
- Name, description and the fund’s accounts
- Target amount
- Top-up rule: a percentage of receipts or a fixed amount on a schedule
- Sufficiency check against obligations from the payment calendar
- The tax fund is reconciled with accrued taxes
- An alert if the payroll fund does not cover the upcoming payout
Frequently asked questions
Is a fund a separate bank account?
Not necessarily. A fund combines one or more earmarked accounts, and sufficiency is calculated against obligations from the payment calendar.
How is a fund topped up?
By rule: a percentage of receipts or a fixed amount at a set frequency.
More in this section
See it on your own data
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