Financial Statement Format Requirements

To access the Financial Statement Format editor, go to Reports>Financial Statement and click the Open Formats button.

There are certain Financial Statement Format requirements that must be followed when running the "Statement of Activities" and any "Statement of Revenues and Expenditures" report. These requirements ensure that the Fund Balance/Net Assets section totals correctly.

The requirements are:

When printing the report, if the "Include Equity Section" option is not selected, the "Net Revenues over Expenditures (Net Income)" total cannot have a section type of "Total" and section account category of "Changes Fund Balance" or "Changes Net Assets".

Note: The best section account category for this total is "Revenue".

 

When printing the report, if the "Include Equity Section" is selected, the "Ending Fund Balance/Net Assets" total must have a section type of "Total" and a section account category of "Fund Balance".

Note: The best section account category for this total is "Fund Balance".

 

We recommend setting up your financial statement formats the following way:

Section Title	Section Type	Section Account Category
Revenues	Other	Revenue
Expenditures	Other	Expense
Net Revenues/Expenditures	Other	Revenue
Beginning Fund Balance/Net Asset	Other	Fund Balance/Net Asset
Changes in Fund Balance/Net Asset (if needed)	Other	Changes Fund Balance/Net Asset
Ending Fund Balance/Net Asset	Total	Fund Balance/Net Asset

 

For more information on editing financial statement formats, go to Financial Statement Format Builder Form.