Building your Fund Allocation Structure
- From the Income Module, click the Funding Needs tab from the top.
- If you do not have a current fiscal year, click Add Fiscal Year. If you do, skip below to step 3.
Set the start and end dates and provide a description for future reference. Leave the Locked field set to False.
If you are replicating a complete prior fiscal year, highlight the fiscal year and select Copy Fiscal Year to replicate.
- Highlight the fiscal year and click Add. Funds can also be created as a child of another fund. Simply highlight that fund and click Add.
- Continuing adding your funds to mirror your chart of accounts.
Important to note:
If you are the Administrator of your Compass-360 database you can remove funds that do not have any allocations associated with them. If a fund does have allocations Compass-360 will not let you remove the fund.
Fund Hierarchy
Before creating funds, make sure that you have highlighted the level that you want to add a fund under. In the screenshot below, highlight Fiscal Year 2017 and choose Add to create a fund under that level. Highlight Annual Fund and select Add if you want to add a level under the secondary level.
