The procedure to apply an asset adjustment transaction to a sinking fund account is as follows:
- Navigate to Quick Menu > Service Charges > Management > Sinking Funds. The Sinking Fund window is displayed.
- 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.
- Click on Assets. The Assets tab is activated, revealing all assets that are applicable to the sinking fund in the Assets summary table 2.
- Highlight the row matching an asset against which a sinking fund adjustment transaction will be posted.
- Click on Asset Sub Account. The Asset Sub Account window is displayed, revealing all sinking fund contributions linked to the asset in the Transaction History summary table.
- Click on Adjust Transaction. The Asset Sinking Fund Adjustment window is displayed.
- Enter the Adjustment value into the field provided 3. The Up and Down arrows are available to increment or decrement the value, as required.
- Use the Notes field to add contextual information in support of the asset adjustment transaction.
- Click on Save. The new asset 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 For an asset record to be included in the list, it must not only be linked to the relevant cost centre via its service charge group membership but also flagged as 'Sinking Fund Applicable'.
3 An adjustment value can be entered as positive - representing a payment into the sinking fund - or negative - representing an additional charge against it.
See related topics...
Sinking fund management overview
To adjust the asset contributions within a sinking fund account
