Create a Funding Source

Create a funding source to establish a centralized capital origin pool for bonds, grants, loans, or appropriations. Tracking capital origins in Procore provides complete visibility into fund balances and eliminates parallel spreadsheet management. Establishing company level funds ensures accurate financial governance and streamlined project allocations.

• Required User Permissions on the company level Funding Sources tool.

• Additional Information:

  • Increase the total fund amount at any time, but ensure the value is not reduced below the sum of its active project allocations.

  • Confirm that all funding source values match your company currency setting.

  • System numbers generate automatically upon creation and can be edited to align with official fund identifiers.

  • Mark funds as inactive instead of deleting them to preserve historical balance data. Inactivating a funding source automatically deactivates all linked project-level funding rules.

  • Reactivating an inactive funding source requires manually reactivating its associated project-level funding rules.

1. Navigate to the Company level Funding Sources tool.

2. Click +Create.

3. Enter the following information:
   Note: Fields with an asterisk (*) are required.

   • Number: Enter the fund number.

   • Name*: Enter the fund name.

   • Total Amount*: Enter the total amount of the fund.

   • Description: Enter details or scope.

   • Attachments: Attach any relevant documentation.

4. Click Create.