Reporting - Balance sheet b/f line for charity accounts where funds span multiple years
Where funds span multiple financial years it would be good to be able to add a brought forward fund balance (balance sheet item) the the P&L fund report (income & expenditure for charities where tracking categories are used for the funds) so that the charity has full visibility of the fund available - last FY brought forward + net amount for this FY = total fund till available
Johanne Thomas
shared this idea
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Sherree Russell
commented
fundamental!
agreed -
Graham Woodward
commented
Agree for any charitable organisation dealing with restricted income it's a fundamental reporting requirement.
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Simon Jennings
commented
Agreed
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Rachel Eden
commented
Allow for charity funds in balance sheet
Currently the chart of accounts and balance sheet is set up for company organisations only and doesn't allow the balance sheet to show restricted and unrestricted funds to be rolled over. It would be amazing to be able to use tracking codes to roll forward restricted and unrestricted funds but at least it would be helpful to be able to change the chart of accounts so the balance sheet fully reflects the way charities work.
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Jason Smith
commented
The Balance Sheet balance column needs to show as a life to date not year to date running total.