Financial View - Mix of Revenue & Expense
We would love to present investment returns netted with custodial fees for our internal financials and fund statement financial view groupings. This is the proper presentation per FASB. However, the system does not allow for a mix of revenue and expense accounts in a financial view grouping. Changing the classification of the fee expense account to a revenue account is counterintuitive.
An idea would be to change the type options to Assets, Liabilities, Net Assets, Income Statement to allow the user to define a mix of revenue and expense accounts as they need.
Anna Wagner
shared this idea
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