Across the country, local government finances are in distress. Years of economic growth were stunted by the onset of COVID-19, and the conditions of the
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.
In today’s economic and political climate, there is tremendous scrutiny of the public sector’s capital allocation because the results are widely published. Accounting records must
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
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
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
Ranging on Reference Type is now available when querying Balance Sheet Account Year Masters. For example, to see fund balance year masters for all funds,
For organization purposes, the three Journal Entries reports and the five Receipts reports are now anchored under Detail Reports in the Financial Management module. Product
When querying detail that comprises an activity record, the default is 90 seconds (comparing the distribution date in the source record to the entry date
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
A report process has been created to facilitate changing journal identifications for recurring receipts in mass. The To Journal ID must exist in Receipt Journal
A new report has been created for OpenRDA and added to the Detail Reports. The Receipts Report by Fiscal Year, Bank ID, and Account Type (revenue, expenditure,
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