General Fund Balance

Monique Carter
Monique Carter
Second Anniversary Name Dropper Facilitator 1
in Blackbaud Financial Edge NXT® General Discussions

On the Statement of Financial position - what makes up the General Fund Balance? What's the detail of this fund?

Comments

  • Kevin Brazell
    Kevin Brazell Blackbaud Employee
    Tenth Anniversary Kudos 5 First Reply Name Dropper

    @Monique Carter
    the statement of financial position is essentially a balance sheet broken out by the traditional class restrictions. So your fund balance should be the same but broken out by classes if you use the 3 classes. if you add up all 3 columns, it should total your single fund balance amount on a regular balance sheet. Also you could add an additional column and just tell it to total those 3 to get a total value of all 3 added up.

  • Monique Carter
    Monique Carter
    Second Anniversary Name Dropper Facilitator 1

    @Kevin Brazell

    Great information, thank you Kevin. I like the idea of adding a total to sum up all the different funds.

  • Monique Carter
    Monique Carter
    Second Anniversary Name Dropper Facilitator 1

    @Monique Carter
    Another thing I've noticed is the Fund balance doesn't tie between the BS and the Inc. stmt. , however, I believe this is due to the set up and what criteria is included while running the IS. Still investigating if this is part of the issue

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