Create and Edit Statement Accounts – Foundant Technologies

The system allows you to customize how your accounts display on Fund Statements. Statement Accounts allow you to combine multiple accounts into one and provide a custom name.

For example, your chart of accounts contains an account called Dividends and another called Interest. You can combine these into one Statement Accounts called Investment Earnings, or any name of your choosing, so your statements reflect a simplified version of your chart of accounts.

Revenue Accounts can be combined with other Revenue Accounts. Expense Accounts can be combined with other Expense Accounts. You cannot combine Revenue and Expense Accounts in the same Statement Account because they are distinct sections and cannot be mixed or alternated. Statement accounts change how revenue and expense accounts are presented on a fund statement. They will be visible in the foreach receipt and foreach distribution sections.

Statement Accounts only impact fund statements. They do not impact anything else in the system.

Statement Accounts Video

Create Statement Accounts

Navigate to the Accounts page and click Statement Accounts in the left-side menu.
Click Create in the left-side menu.
Enter the applicable Create Statement Account information, and then click Create.
- The name will display on fund statements.
  - Examples: Gains and Losses, Investment Fees
- Check the Hide Detail box to remove this statement account activity from the Activity Detail section on fund statements.
  - The Activity Details section of a fund statement will show individual General Ledger entries and display the statement account names.
Click the Accounts box of the accounts that will be combined, and then click Save.

Edit Statement Accounts

Navigate to the Accounts page and click Statement Accounts in the left-side menu.
Click the ID of the Statement Account to be edited.
Click Edit in the left-side menu.
Edit the applicable information, and then click Save.