Posting Revenue Contribution to Capital

A Revenue Contribution to Capital should be made when the Academy intends to use part of their revenue budget to pay for a Capital Project or a Fixed Asset., either in part or entirely.

To make a contribution from the Revenue Budget to Capital, a journal should be processed as below.

The Cost Centres used in the example are for reference only.

For example:

LLL7900 is the "Revenue Contribution to Capital" nominal and LLL8120 is the "Contribution from Revenue" nominal.

This relates to where the location code is LLL.