TormanoFunds let you designate every donation: General Fund, Building Fund, Scholarship Fund, Memorial Fund, and any others you set up. That is what makes restricted balances reportable.
Setting up funds
Open Donations > Funds and click + New Fund. Each fund has:
- Name: what donors and reports call it.
- Fund type: Unrestricted, Temporarily Restricted, or Permanently Restricted.
- Goal amount: an optional fundraising target.
- Active: an inactive fund stops being offered on donation forms, while gifts already designated to it keep their designation.
Designating a donation
When recording a donation, the Fund dropdown lists your active funds. Donation forms can also present fund choices to donors so they can self-designate.
Reporting
The Funds tab shows each fund with its type, goal, and current balance from the gifts designated to it. Balances here reflect donations only: expenses and journal entries live in QuickBooks.