To apply an adjustment to a sinking fund account

The procedure to apply an adjustment to a sinking fund account 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 Expected Costs. The Expected Costs tab is activated, revealing all anticipated expenditure to be covered by the sinking fund.
4. Highlight the row matching the expected cost against which an adjustment transaction is required.
5. Click on Expected Cost Sub Account. The Expected Cost Sub Account window is displayed.
6. Click on New Adjustment. The Expected Cost Sinking Fund Adjustment window is displayed.
7. Enter the Adjustment value into the field provided 2. 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 adjustment transaction.
9. Click on Save. The new adjustment transaction is displayed in the Transaction History summary table.

Note

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

2 An adjustment value can be entered as positive - representing a payment into the sinking fund - or negative - representing a charge against it.

See related topics...

Sinking fund management overview

To create a new sinking fund for a cost centre

To add a new expected cost to a sinking fund