Financial Statements

Articles

Running a Financial Statement ("FINS")
Here is the new version of this article in the Veracross Community. 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: FI...
Navigating the Financial Statement Spec. List ("FINS")
Here is the new version of this article in the Veracross Community. 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 f...
Navigating the Financial Statement Report Log ("FINS")
Here is the new version of this article in the Veracross Community. 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 stat...
Creating and Duplicating a Financial Statement Spec. ("FINS")
Here is the new version of this article in the Veracross Community. 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 Financi...
Creating a Financial Statement ("FINS")
Here is the new version of this article in the Veracross Community. 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...
Maintaining and Editing a Financial Statement ("FINS")
Here is the new version of this article in the Veracross Community. 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 th...
Posting Type in Financial Statement Specs ("FINS")
Here is the new version of this article in the Veracross Community. 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 "Pos...
Formatting a Financial Statement Spec. ("FINS")
Here is the new version of this article in the Veracross Community. 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. T...
Adding Lines to a Financial Statement Spec. ("FINS")
Here is the new version of this article in the Veracross Community. 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 mak...
Account Types and Cost Centers ("FINS")
Here is the new version of this article in the Veracross Community. 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 spe...
How to Use Total Levels ("FINS")
Here is the new version of this article in the Veracross Community. 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 to...
Running and Creating Cost Center Reports ("FINS")
Here is the new version of this article in the Veracross Community. 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 c...
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
Here is the new version of this article in the Veracross Community. 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 mus...
Chart of Accounts: GL Function Codes
Here is the new version of this article in the Veracross Community. 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 de...