Financial Management

Categories

Fund Accounting
Fund Accounting

Fund Accounting: How Does it Work?

Government organizations have different objectives, financial structures, restraints, and requirements than for-profit organizations. It also means their financial management needs are different as well.

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NET POSITION REPORTS

The menu anchor in OpenRDA’s Financial Management Reports that was labeled Net Assets Reports has been changed to Net Position Reports. This has been done

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BALANCE SHEET REFERENCE TYPES

New balance sheet reference types have been added for NET POSITION-RESTRICTED and NET POSITION-UNRESTRICTED (for GASB Statement 63). These are for use by proprietary and

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ADD FINANCIAL RECEIPTS

When recording a balance sheet type receipt from an employee as a result of the void with repayment process (from the Payroll module), the debit

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ADD RECEIPTS

The Add Receipts process has been modified to include two additional save errors for balance sheet type receipts. The first error applies to the debit

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