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BackedHelp Centre

Checklist - Funds

What to check before your organisation allocates and distributes from its funds in Backed.

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Ready for your funds to go live?

Ensure you've double checked the following:

  1. Set up the details your organisation records about a fund: on Fund settings, select Add field for each one, then save.
  2. Add each fund: New Fund at the top of Plan > Funds, with its Distribution Amount, currency and accounting code.
  3. Record where the money comes from: Add source on Sources of funds, for each upstream agreement and fund.
  4. Allocate each funded application: Add Fund on the application's Funds tab, with the year and amount.
  5. Before the first distribution date, choose the Cycle date on Distribution cycles and select Preview to check what the cycle would do.

This appears only when it is turned on for your organisation, and needs both the Payments and Funds modules. Labels that name Fund use your organisation's own term if you've renamed it.

See also

This page uses Backed's default terms, such as Funding Round and Application Template. An organisation may rename them, so read each as your organisation's own term if you've renamed it.