To add a new charge to a sinking fund

The procedure to add a new charge to a sinking fund is as follows:

1. Navigate to Quick Menu > Service Charges > Management > Sinking Funds. The Sinking Fund window is displayed.
2. Expand a cost centre heading and select an associated sinking fund from the alphabetical list, or type its name into the Search Sinking Funds field. By default the list is filtered to show Current sinking funds. An alternative filter can be applied using the Select view drop-down field: Expired, Future or All combinations 1.
3. Click on Account. The Account tab is activated.
4. Click on New Charge. The Sinking Fund Charge window is displayed.
5. Enter the Charge date using the calendar icon () or type in the value directly i.e. the date on which the charge was incurred 2.
6. Using the Expected cost drop-down field, select the anticipated expenditure entry matching the actual charge.
7. Enter the sinking fund charge into the Value field provided. The Up and Down arrows are available to increment or decrement the value, as required.
8. Use the Notes field to add contextual information in support of the sinking fund charge.
9. Click on Save. The new charge is displayed in the Transaction History summary table 1.

Tip

1 By default, all sinking fund postings are displayed chronologically, by transaction date (most recent at the top); to aid in identification and analysis, rows can be reordered by clicking on any of the available headings.

Note

1 The Search Sinking Funds field will match against any component of the sinking fund description.

2 Only retrospective dates can be linked to the sinking fund charge; the permitted entry format is DD/MM/YY or DD/MM/YYYY.

See related topics...

Sinking fund management overview

To add a new expected cost to a sinking fund

To create a new sinking fund for a cost centre