Budget Funding Lines

Budget Funding Lines

This section is used to setup the relevant details relating to bank accounts. This includes provision for automatic calculation of debit and credit interest on an operation account

There are 2 kinds of Entry Type:

Balancing

• This account is usually the main working bank account
• There can only be one balancing account
• The balance of this account is calculated automatically by the system as the result of all receipts and payment movements in the cash flow area of the budget and the changing balances of the other bank accounts in this section
• Enter the opening balance and the system does the rest.

  

  Note: overdraft or loan balances are entered as negative amounts, whereas credit balances are entered as positive amounts
• Amounts cannot be entered manually in the month columns for a balancing account

Fixed/Manual

• Entering values into the opening balance or any month column will automatically fill the subsequent columns with the same amount but does not alter the previous month columns

The balancing account will normally refresh automatically when required. If the refresh has not been done for some reason, click on the Refresh button