We’ve just released an update for Fiscal Hosts which enables you to indicate if your accounting categories apply to operational funds (Your Organisation) or to managed funds (Money held on behalf of Collectives). This applies to all accounting categories (expenses and contributions).

This effects expense categorization, since the list of possible accounting categories is now shorter and depends on who is paying the expense. If an expense is submitted to a Fiscal Host, the list of accounting categories will only include categories related to operational funds.  

If an expense is submitted to a hosted collective, the list of accounting categories will only include categories related to managed funds.

There is no way for us to know in advance which categories are which (hence the project). So, if you have utilized accounting categories before, these have all been marked as “managed funds” and you will need to review your chart of accounts and manually indicate and update those that are related to operational funds.

Learn more about Chart of Accounts.