Distributions - Use net asset balance rather than total asset balance
Is it possible to include an option to use net asset balance rather than total asset balance in the distribution calculation? Our spending policy says to use net asset balance. Thank you!
Julie Cole Mecum commented
If a fund has significant grants payable or pledges receivable, using the asset balance instead of net fund balance really skews the spendable amount. This is especially problematic with our scholarship funds that make 4-year commitments to students that we book as payables.
This seems obvious, surprised this hasn't gained more traction.