CommunitySuite allows foundations that manage funds in investment pools to share investment revenue, losses, and fees on a monthly, quarterly, and yearly basis.
Share the gains, losses, and/or fees from your investment or banking account with all of the funds that are held within a pool.
Investment Account Setup
Investment accounts are set up in Accounts and require the same information as other accounts. However, in order to run a Revenue Share, investment accounts must have the following:
- Name of the Account
- A Vendor (Example: Schwab)
- Manage Cash must be turned on for Cash Balancing.
Statement Voucher Information
All gains, losses, and fees incurred will need to be entered as a Statement Voucher in the Revenue Share Holding Fund. Use the Create and Edit Statement Vouchers article to assist with this process.
Information needed to complete a Statement Voucher include these items straight from your monthly or quarterly statements:
- Starting balance
- Ending balance
- Gains & Losses-Unrealized (if applicable)
- Gains & Losses-Realized (if applicable)
- Dividends (if applicable)
- Transfers in & out
Once a Statement Voucher has been created for each investment account - you can begin the Revenue Share process.