Entering Draw Down Adjustment Journals
•Access the Function: Use the funding journal function within the software.
•Select Journal Type: Choose the "draw down adjustment" type journal.
•Enter Values Per Facility/Project:
o Enter the value of drawdowns separately for each facility.
o Within each facility, ensure the values are entered for each project it services individually.
•Verify Totals: The total value of monies drawn down recorded in the journal should be the sum of all the individual project drawdowns for that specific facility.
o Note: If a facility is funding only one project, only one journal entry is necessary for that facility.
•Include Equity Facilities (Hint): You must also account for and include drawdowns on your equity facilities.