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    How to Allocate Earnings to One Fund in a Pool
    • 20 Jan 2023
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    How to Allocate Earnings to One Fund in a Pool

    • Updated on 20 Jan 2023
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    Article summary

    This may be needed under the following circumstances:

    You are currently allocating earnings to all funds in your immediately spendable pool of funds (non-endowment funds) and you want to be able to allocate these earnings to a single fund in the pool.

    You have an interest bearing cash account\money market account where the Operating Fund keeps all of the interest.




     

    Answer:
    What you can do is make the journal entry for that fund directly in GL. If you would like to use FACTS to reconcile the pool activity but only one fund should receive the earnings then you would journal entries for that one fund. The net totals for the entries will display under the Fund Misc. category on the reconciliation but the fund that should receive the earnings will have them.
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