Fund Statements need to add up
Fund statements currently do not have to add up. They only include g/l accounts that you have selected to include in the templates. We had a transfer that didn't go through the P&L and therefore the fund statement didn't add up and we didn't get an error message. It's not possible to recalculate every single fund statement so there really needs to be an error message if the statement doesn't total up correctly.
Susan Lotreck commented
I had NO idea this was a known issue. We have over 1,500 funds at our Foundation. There is no way to go through every statements. In FIMS I would run out fund activity breakdown in Excel and then go through select groups of funds with gift and grant activity to confirm statements. I cannot afford to to put out our first batch of CSuite fund statements up in the portal with the possibility of statements not adding up! I assumed an Error message would spit out if a g/l account was not in the templates.