Skip to main content
OCLC Support

Allocate money

Discover how to allocate money to your fund.

Before you can commit expenditure or spend against an account instance, you must first allocate a budget to it. This is done by entering an allocation transaction record against the account instance.

Allocate funds

  1. Go to Funds>Account Transactions and click New Record.
  2. The Transaction type defaults to Allocation and the relevant fields are displayed to enter details of the fund allocation.
  3. Click Credit account to select the relevant account instance you want to allocate funds to.
  4. Enter your fund in the Allocation amount field. The transaction is automatically Authorised by the user you are logged in to OLIB as, and dated to the system date.
  5. Enter a note if required, and save the new transaction record. The allocated funds are available immediately for expenditure commitment and invoicing.

 

  • Was this article helpful?