Restricted funds, kept restricted.
Fund accounting that holds restricted, unrestricted and designated funds apart properly — with the reporting trustees and the Charity Commission expect.
Usually on: Business or Complete
A restricted fund is a promise, not a label
When restricted funds are tracked as a tag on a transaction rather than as a real balance, it becomes possible to spend restricted money on unrestricted purposes without anything objecting. The error is usually found at audit, and by then it has been made repeatedly.
Qwikr holds funds as balances the ledger actually understands, so a fund position is derived from the transactions rather than assembled for the annual report.
- Restricted, unrestricted and designated funds held as real balances
- Fund position derived continuously, not reconstructed annually
- Grant and donation income tracked to the fund it belongs to
- Reporting shaped for trustees rather than for a commercial P&L
What you get
Fund accounting
Restricted, unrestricted and designated funds as first-class balances, with transactions attributed to the fund they belong to.
Trustee reporting
Reporting packs shaped for a trustee meeting, generated on a schedule and delivered without anyone rebuilding them.
Partial exemption VAT
Charities with mixed activity get standard-method partial exemption with de minimis testing and the annual adjustment.
Payroll and pensions
RTI, auto-enrolment and statutory pay for charities that employ staff, posting into the same ledger.
Grant tracking
Grant income recorded against its conditions and its fund, so what has been spent against a grant is a query rather than a reconstruction.
Audit trail
Every posting carries its actor and reasoning, which is what an independent examination is going to ask for.
Questions, answered
The fund accounting, restricted-fund tracking and reporting are built for charity reporting, and year-end accounts are produced within the platform. Whether a specific set meets the SORP for your charity is a judgement for your accountant or independent examiner — show them the output before you commit.
Donation records carry what a Gift Aid claim needs. Tell us how you currently claim and we will confirm exactly how it fits before you rely on it.
Yes. Standard-method partial exemption including de minimis testing and the annual adjustment is calculated from the underlying transactions rather than in a spreadsheet.
Ask us. We are a new company and we would rather have good charities using this than protect a price list.
Other kinds of business
Built for charities & non-profits
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