Financial Statements

Articles

Running a Financial Statement ("FINS")
Running a New Financial Report (Step-by-Step) Located in the General Ledger Homepage under the Financial Summary Header. Specify your parameters in the following sections: FINS Report: Clicking on the magnifying glass will show you all the FINS ...
Navigating the Financial Statement Spec. List ("FINS")
Located on the General Ledger Homepage under the Financial Summary Header. Lists all of the financial statement specs or “templates” which can used when running a financial statement. This is where the user can create and format their ...
Navigating the Financial Statement Report Log ("FINS")
Located on the General Ledger Homepage under the Financial Summary Header. Lists all of the individual financial reports that have been generated using the Run a financial statement action. Report ID: This is a unique number given to each FINS re...
Creating and Duplicating a Financial Statement Spec. ("FINS")
Creating and Duplicating a Financial Statement Spec. There are two ways that you can create a new Financial Statement Spec. The first option allows you to create a blank Financial Statement Spec., and the second allows you to create a duplicate of ...
Creating a Financial Statement ("FINS")
Overview The purpose of this article is to provide users with an in-depth guide on how to create a new Financial Statement Spec. from scratch. For users looking to learn the the financial reporting tool (FINS) to maintain existing reports that have...
Maintaining and Editing a Financial Statement ("FINS")
Overview The purpose of this article is to provide users with a guide on how to perform maintenance on existing financial reports in Veracross. For users looking to learn the the financial reporting tool (FINS) to build new reports from scratch, pl...
Posting Type in Financial Statement Specs ("FINS")
Before building out a Financial Statement Spec., it is important to consider the "Posting Type" of the data that will be pulled. Unlike the trial balance, the "Posting Type" in FINS is converted into positive and negative values ...
Formatting a Financial Statement Spec. ("FINS")
From inside a Financial Statement Spec., the General tab is where you can format the report titles, report criteria, orientations, font sizes and margins for the entire report. The formats specified on the General tab will translate once the report ...
Adding Lines to a Financial Statement Spec. ("FINS")
From inside a Financial Statement Spec., the Lines tab is where all the lines for a Financial Statement Spec. can be found. This is also where all of the work will be done to make the report present the way it should, as well as where data should be...
Account Types and Cost Centers ("FINS")
Please note: Account Types and Cost Centers are attributes assigned to or included in each GL Account in the Chart of Accounts in order to "group" them based on a specific commonality designed by the school during implementation.  ...
How to Use Total Levels ("FINS")
The “Total Level” field is what tells the report how and what to total on the report. 0: Setting a total level to 0 will still allow the data from the line to be totaled, but the line description and data won’t be printed on the ...
Running and Creating Cost Center Reports ("FINS")
If you plan to regularly run the same cost center reports, it may be easier to use the “Copy Specifications” feature in the action menu (see instructions above) and create multiple specs for each cost center so that you do not have to co...
Statement of Functional Expenses
FASB requires not-for-profit institutions to present expenses by nature as well as function, as well as to provide an analysis of expenses showing the relationship between functional and natural classification.
Chart of Accounts: GL Function Categories
What is a GL Function Category? A function category is a "tag" that can be used to group a set of function codes together. In order to be used, function categories must be linked to a function code, and will automatically populate on a GL...
Chart of Accounts: GL Function Codes
What is a GL Function Code? A function code is a "tag" that can be used to group a set of GL Accounts together when using the "Function Fields" in a query design. Function codes can be set in a "Function Field", simila...