Funding tags let you associate transactions to a particular funding source for easy review and reporting. A common example where a Funding tag can help is a reimbursement-based Cost Share or Grant like NRCS EQIP. Simply apply this tag to every transaction related to the funding source and reporting becomes a breeze.

Choosing what Funding tags to create when you start on Ambrook is easy; create a tag for each source of funding you currently use that might require some sort of transaction report on a periodic basis. You can customize these tags to match the level of granularity you need for reporting. For example, for a VAPG grant, you may want to separately track Processing Costs from Labor. Simply create additional tags for each Task type and tag transactions accordingly.

Even without a grant, you can use Funding tags to track the costs associated with a particular project. If you’re putting in buffer strips on your farm and want to know the total project cost, tag any expenses with the same funding tag to see your total costs at the end of the project.

Setting up your funding tags

You can create and manage your locations by going to Settings → Funding. Add a new location using the "+ Add" button, which will allow you to name the funding program. Funding programs can be nested under a Parent Funding Tag, but this is not required.

You can also optionally connect a funding program from Ambrook's Funding Library. We're working on ways to integrate more information about program eligibility and applications.