To view the asset contribution history for a sinking fund account

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The procedure to view the asset contribution history for 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 Assets. The Assets tab is activated, revealing all assets that are applicable to the sinking fund in the Assets summary table 2.
  4. Highlight the row matching an asset against which sinking fund transactions have been posted.
  5. Click on Asset Sub Account. The Asset Sub Account window is displayed, revealing the Transaction History summary table, containing all sinking fund contributions linked to the asset 1. Certain fields are worthy of special note and are captured in the table below 3.
  6. Furthermore, a summation of upcoming sinking fund charges apportioned to this asset is displayed as headline figures, specifically the Next expected charge date, the Next expected charge value and the Current balance.
  7. Click on Close.


Tip

1 By default, all asset-specific 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 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 A subset of fields are visible by default; additional fields can be revealed or hidden via the Menu option.


Field

Description

Transaction Date

The date on which each asset-specific transaction was posted against the sinking fund account.

Transaction Type

The identification for each asset-specific transaction posted against the sinking fund account i.e. Payment, Charge, Adjustment or Interest.

Value

The individual asset-specific transaction figure posted against the sinking fund account.

Balance

The apportioned running balance of the sinking fund account, taking into consideration the current asset-specific transaction entry.


See related topics...

Sinking fund management overview

To adjust the asset contributions within a sinking fund account

To add a new charge to a sinking fund

To apply an adjustment to a sinking fund account

To create a new sinking fund for a cost centre