Accounting - Operating Fund - Classified Statement of Financial Position

Navigation: Reports - Accounting Reports - Financials - Statement of Financial Position (Balance Sheet)
Purpose: To understand how Shiftsuite Accounting calculates and reports on the Operating Fund found on the report(s)

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• The Operating Fund found in the Classified Statement of Financial Position is a Calculation Made by Shiftsuite Accounting.

Operating Fund = Retained Earnings + (Current Year Net Income - Current Year Expenses)

• This Calculation provides a real-time dollar value of the financial position of what the Corporation or Strata has to operate with.  

Note: This is completely separate from your current or prior year Reserve financial position.