Opening Funds in Flatra — Balance, Corpus and the In-hand Figure

Flatra's In hand figure is simple arithmetic: opening balance + everything collected − everything spent. If the opening balance is wrong, every number after it is wrong. Enter it once, honestly, on day one.

Balance vs corpus

Step by step

1. Open Settings → Funds.
2. Add one entry per source with a clear name — Cash from previous secretary Ramesh, SBI current account — and choose Balance or Corpus.
3. Attach a photo of the handover note or passbook if you have one.
4. Starting a brand-new association? Save ₹0 so the checklist knows you considered it.
5. Save. The dashboard's In hand card now starts from this figure.

Old dues from before Flatra

Don't put a flat's unpaid dues into the opening balance — they aren't money you hold. Instead add an adjustment on that flat for the first month you generate (Maintenance → adjustments icon). It appears on the flat's bill as "Previous balance" and the resident sees exactly what it is for.

If the figure looks wrong

Check three things: the bank balance was entered as Balance (not Corpus), no expense was added before the opening funds, and no payment was recorded twice. The statement screen shows the running total month by month so you can see where it diverged.

Frequently asked questions

Can I change the opening funds later?

Yes — Settings → Funds. Change the entry and the in-hand figure recalculates from the start.

Should the bank balance be Balance or Corpus?

If the society can spend it on monthly expenses, Balance. Only money deliberately reserved for big future works is Corpus.

Why is In hand negative?

Usually an expense was recorded before the opening funds were entered, or the whole balance was saved as Corpus. Fix the entry and it corrects itself.

Where do residents see this?

Residents see the association balance summary when expenses are shared; the detailed statement is for the committee.