Overview
From the disbursements tab on a draw, users can auto-generate disbursement records based on funding sources being funded for a given draw. Disbursements will be grouped by funding sources and validation to progress the draw forward will be tied to balancing out to funding amounts.
Pre-requisites to Use
Full Draw Management CRUD abilities.
Step-by-Step Instructions:
In a draw, add draw amounts and funding amount. Ensure the amounts are balanced. Save your Sources and Uses.
Navigate to the disbursements tab and click ‘Edit’. If there are no disbursements generated, click the ‘Auto-generate Disbursements’ button. Disbursements will be created based on the funding amounts.
If you want to manually create disbursements, click ‘New Disbursement.’
For each disbursement, a type, funding source, amount and funds destination are required. Funds Destinations must be active.
If you want to split a disbursement for one funding source to two different funds destinations, click the ‘Add Disbursement’ button at the bottom of the form inside the funding source card for the disbursement record.
The disbursement amounts must be balanced to the total funding amount and funding amount per each source.
FAQ
What is the purpose of the disbursements tab in a draw?
The disbursements tab allows users to auto-generate disbursement records based on the funding sources for a given draw, grouping disbursements by funding sources.
What are the prerequisites to use the disbursements feature?
Users must have full Draw Management CRUD abilities.
How do I auto-generate disbursements?
In a draw, after adding and balancing draw amounts and funding amounts, navigate to the disbursements tab, click 'Edit', and then click the 'Auto-generate Disbursements' button.
Can I manually create disbursements?
Yes, you can manually create disbursements by clicking 'New Disbursement' in the disbursements tab.
What information is required for each disbursement?
Each disbursement requires a type, funding source, amount, and funds destination, with funds destinations needing to be active.
Is it possible to split a disbursement for one funding source?
Yes, you can split a disbursement for one funding source into two different funds destinations by clicking the 'Add Disbursement' button.
Do disbursement amounts need to be balanced?
Yes, the disbursement amounts must be balanced to the total funding amount and the funding amount per each source.