Funds let you tag every donation with a designation — General Fund, Building Fund, Scholarship Fund, Memorial Fund, etc. — so you can report on restricted balances accurately.
Setting up funds
Settings > Funds. Each fund has:
- Name — what donors and reports call it.
- Description — what the fund supports.
- Restriction type — Unrestricted, Temporarily Restricted, Permanently Restricted (per FASB nonprofit accounting standards).
- Goal amount — optional fundraising target with a thermometer.
- Active — inactive funds stop appearing in donation forms but historical donations keep their designation.
Designating a donation
When recording a donation, the Fund dropdown lists active funds. Donation forms can also show fund choices to donors so they can self-designate.
Reporting
/nonprofit/funds shows balance by fund with year-to-date inflow, outflow (manual journal entries for grant disbursements), and current balance. Click any fund for the line-item history.
QuickBooks integration
When QuickBooks sync is enabled, fund codes map to QuickBooks Classes. Each donation flows to QuickBooks as a Sales Receipt with the matching Class so your bookkeeper sees the same fund accounting on both sides.
Spending from a fund
Tormano isn't a general ledger, so it doesn't deduct expenses from fund balances automatically. Use the Manual Journal Entry button on a fund detail page to reduce a balance when funds are spent.