Create GASB Statement Formats - Select Format Tab

Access this tab using Reports>GASB Reporting>Create GASB Statement Formats. It is only available if the GASB Reporting module is installed and the organization's functional currency is USD (US Dollar).

Use this tab to assign the Format Name and the Statement Title for the GASB statement format.

 

Format Name: Enter a new format name, or select an existing one using the drop-down list. (The Format Name is different from the Statement Title. The Format Name describes and identifies the statement format, while the Statement Title prints on the actual statement.) We recommend limiting your report name to strictly alphabetic (A through Z) or numeric characters (0 through 9), and avoiding the use of symbols.

Statement Title: Enter the statement name, as it should appear in the header of the actual statement. The system defaults to Statement of Activities.

  • After a GASB statement format is created, print the statement using the Reports>Financial Statements>GASB Statement of Activities. For specific examples of the actual statement, see Examples of the GASB Statement of Activities, later in this chapter.
  • The functional currency was determined by the Administrator when the organization was created (File>New Organization>Functional Currency panel).