Requirements for the Financial Statement Format

There are certain Financial Statement Format requirements that must be followed when running the Statement of Activities and any Statement of Revenues and Expenditures type report. This will ensure that the Fund Balance/Net Assets section totals correctly. The requirements are outlined below:

• When printing the report with the Option "Include Equity Section" not selected, the Net Revenues over Expenditures (Net Income) total cannot have a Section Type "Total" and Section Account Category "Changes Fund Balance" or "Changes Net Assets." HINT The best Section Account Category for this total is "Revenue."
• When printing the report with the Option "Include Equity Section" selected, the Ending Fund Balance/Net Assets total must have a Section Type "Total" and Section Account Category of "Fund Balance." HINT The best Section Account Category for this total is "Fund Balance."

We recommend setting up the Financial Statement Format the following way:

Section Title	Section Type	Section Account Category
Revenues	Other	Revenue
Expenditures	Other	Expense
Net Revenues/ Expenditures	Other	Revenue
Beginning Fund Balance/Net Asset	Other	Fund Balance/Net Asset
Changes in Fund Balance/Net Asset (if desired)	Other	Changes Fund Balance/Net Asset
Ending Fund Balance/Net Asset	Total	Fund Balance/Net Asset