Getting Started
General Ledger Funds and Cost Centers are available in Bonterra Development packages to help align your fundraising data with your accounting records. You can access these features by searching for "General Ledger Funds" or "Cost Centers" in the Sidebar. If you don't see these options, contact Support to ensure they're enabled for your organization.
Feature Details
General Ledger Funds help your accounting team track transactions as line items in your organization's Chart of Accounts. They follow your accounting team's labeling scheme to facilitate matching transactions to accounting records. Cost Centers, meanwhile, track funds using programmatic criteria, allowing you to attribute transactions to specific departments or projects, such as membership activities or affiliate programs.
Both General Ledger Funds and Cost Centers work by being attached to source codes, which can then be applied to contributions, recurring commitments, or pledges. This creates a structured way to categorize your financial data according to your organization's accounting system and program structure, ensuring consistent financial reporting.
Feature Navigation
Read more about specific actions related to General Ledger Funds and Cost Centers:
- How do I create a new General Ledger Fund?
- How do I create a new Cost Center?
- How do I apply General Ledger Funds and Cost Centers to contributions?
- How do I make data adjustments for posted contributions?
- How do I manage inactive General Ledger Funds and Cost Centers?
Tracking your Success / Reporting
You can track how General Ledger Funds and Cost Centers are being used through the details pages for each fund or cost center. For data adjustments made to General Ledger information, you can run the General Ledger Adjustments Report by searching for it in the search bar. These tools help ensure your fundraising data properly aligns with your accounting system and program-specific tracking needs.
Transition Statement
Below, you'll find step-by-step instructions for common tasks related to General Ledger Funds and Cost Centers to help you properly manage your organization's financial tracking.