How to set up your initial Reserve Funds in Equity

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Some associations present their reserve funds in the equity section of their balance sheet, to be able to track the balances of those reserves. This article will show you how to set those funds up with initial balances.

Written by Sydney Lucas

Updated over a week ago

1) Go to Budgets > Edit Categories > Equity > Add Equity. Give the fund the

appropriate name, such as “Replacement Reserves,”
the date you want that fund to start showing on reports
and the amount of the fund

*Values are only an example, you should input your own data into these fields

2) You can then go to Reports > Balance Sheet > Update Reports. Once those are updated you will see those new equities on your balance sheet.