# Add Funds Manually You can manually add funds to a Collective directly. This is useful when you receive a contribution for a Collective outside the Open Collective system (like a bank transfer) and want to apply it to a Collective's budget, or to represent money you're already holding on the platform. Navigate to your Dashboard > Collectives.
Locate the Collective you'd like to add funds to. Click on the three dots and then the **Add Funds** button.
And fill the form with all required information to add the funds to that Collective with the following information:
* The **source** of those funds. It can be your Fiscal Host, another Collective, or an Organization. Events and Projects are also displayed here. * The Collective's tier to which the donation applies (if any) * A short **description** of those funds. * The **effective date** of which the funds cleared your bank account. * The **Accounting Category** to categorise your accounts * An **internal memo** used by other host administrators. * The **amount** of funds you want to send to a Collective. * Your **host fee**, which is the fee you charge your Collectives. It's already set to your default, but you can change it to a one-time fee of your preference. * Any **payment processor fees** that need to be included. Once you're done, click **Add Funds**. ### Internal Memos Internal memos are used to indicate, to yourself and other administrators, anything of note regarding this transaction. Typically, this will be some information about the source, the provision of funds, or any stipulations under which the funds were provided. For instance: * A purchase order or invoice number * A check number or bank transaction identifier * A grant application and associated award The memo will appear to any administrator under 'view details on the transaction list:

Viewing an added funds contribution with a memo

### **Editing Added Funds** Made an error when adding some funds! No worries you can now correct your entry. To maintain ledger integrity we effectively delete the transactions related to this added fund and recreate them with the correct information. Navigate to your Fiscal Host Dashboard > Contributions and press the three dots on the right hand side of the added fund, click 'edit funds'. The fields that can be updated are: * Description * Source * Recipient (can be edited to any event/project of the same collective) * Tier * Effective Date * Memo * Gross Amount * Host Fee * Payment Processor Fee * Tax Number and Rate An edit activity is also created and displayed in the Contribution details drawer.