What is meant by bulk funding?
Bulk funding is the act of obligating funds in the accounting system in advance of anticipated disbursement/expenditures for a particular form of disbursement (e.g., purchase card, convenience checks). In regard to the use of convenience checks, bulk funding would include the amount of the anticipated disbursement(s) within a given period of time (e.g., month or quarter) that will be paid using convenience checks plus any administrative fees associated with the establishment/maintenance of a convenience checking account (e.g., printing of the checks, check processing fees, etc.). This is similar to the bulk funding required for purchase card accounts.
