The sinking fund itself exists as a balance sheet asset account, normally appearing under Long Term Investments. Sinking fund accounts do not belong under Current Assets even though they are normally cash accounts. They are not Current Assets because the firm cannot use them as working capital. ...
Some people set up automatic savings to funnel all the money into one account, and keep track of the amounts for each fund in an Excel sheet or notebook. Others open separate accounts for each fund and set up automatic savings to funnel money into those specific accounts. Online banks like...