The Balance Sheet or Statement of Financial Position shows assets, liabilities, and net assets (based on the balance for a single date for funds, fund types, fund groups, month, or year). Some describe the balance sheet as a "snapshot" of the organization's financial position at a point in time. It shows what an organization has (assets) as well as what it owes (liabilities) to other parties as of a specific date.
For example, the amounts reported on a balance sheet dated March 15, 2022, reflect that instant when all the transactions through March 15 have been recorded.
Run a Balance Sheet
- Navigate to the Financials page and click Balance Sheet in the left-side menu.
- Click a date.
- Alternatively, select a Static Date, and then click Show Date.
- Alternatively, select a Static Date, and then click Show Date.
The Statement of Financial Position is displayed. To further refine the information in the report, use the options listed below.
Additional Information
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- Click Edit Date in the left-side menu to change the date. Click Save to save changes.
- Click Edit Options in the left-side menu to select a Column Option, Financial View, or other selections. Click Save to save changes.
- If Include Closed Accounts is checked, then also check Include Zero Balances.
- When Default is selected for Round, no rounding occurs.
- Rounding follows the standard rounding rule of rounding up if five or more, and rounding down if less than five.
- When using rounding, totals in reports may become imbalanced due to rounding differences across individual items.
- Click Load Saved in the left-side menu to use a saved filter.
- Click [delete] to remove saved filters.
- Click [delete] to remove saved filters.
- Click Save Report in the left-side menu to name a report. Click Save to save changes.
- Click Print in the left-side menu to customize report columns and titles. Click Print again to display the report.
- Click the Show checkbox to show columns or uncheck the box to hide columns.
- The printed report will have a white background, contain text from Financials Content, and display without lines.
- Click Add Filter in the left-side menu to Add Financial Filter.
- Click Export in the left-side menu to download an Excel spreadsheet containing currently displayed information.
- Click Raw Export in the left-side menu to download an Excel spreadsheet containing currently displayed information that has each cell of each line of the spreadsheet filled.
- This can be useful when using Excel functions.
- Fund attributes are included in the spreadsheet.
- Click Show Fund in the left-side menu to view each fund and its balance.
- Show/Ex Sub Fund becomes available when using Show Fund functionality.
- This option shows subfunds.
- Show/Ex Sub Fund becomes available when using Show Fund functionality.
- Click Show SubAcct in the left-side menu to view subaccounts. This will display the individual account balances, and the subaccounts will be indented.
- Click Edit Date in the left-side menu to change the date. Click Save to save changes.