Fund Management

Funding refers to the process of obtaining financial resources, such as money or capital, to support a project, business, or organization. There are many different sources of funding, including investors, loans from banks, grants from governments or foundations, and crowdfunding. The terms and conditions of funding can vary depending on the source and the nature of the project or organization being funded. In general, funding is used to support the growth and development of a business, organization, or project.

It is crucial for non-profit organizations to have a means of tracking received donations and funds in Business Central. However, this can be a challenge, especially for the different types of funds that the company receives.

Based on the specific conditions or limitations on their use from the donors or other funding sources, such as for specific programs, projects, or activities, you can commit, reserve and post usage for the funds received. Non-profit companies are obliged to ensure that restricted funds are used for the specified purposes only.

The allocation process comes also as an extension to Progressus Advanced Projects, where it can be done to the project and contract level.

The following table describes a sequence of tasks, with links to the topics that describe them.