Welcome to Fund Accounting Help
The Fund Accounting solution allows the user to setup a Fund Dimension to designate transactions to the various grants the organization receives. The user can then create Balance Sheet and Income Statement reports for each grant.
To achieve this, journal entries posted between funds will create additional entries to Due From and Due To accounts to balance the entries by fund. Entries posted from purchase and sales documents and cash payments and receipts will distribute the accounts payable, accounts receivable, and cash entries using the same distribution designated on the lines of the documents and journals.
The feature also allows the user to close the Income Statement at year-end to the Retained Earnings accounts by designated restriction type. Once the user has installed and published the Distributed Fund Accounting Extension in Business Central, limited setup is required to use the product.