Balance Sheet Questions

mich-in-braz · Post by **mich-in-braz** » Tue Jan 17, 2006 3:29 pm

On the Balance Sheet, where do the numbers for the Fund Balance Account and Excess Income/Expenses come from. The Finance Committee is asking me and I have no idea. I know that these are system generated numbers but I need to tell the committee what they are based on. Any help would be appreciated.

Post by **Zaphod** » Tue Jan 17, 2006 3:37 pm

Fund Balance is equal to Total Assets minus Total Liabilities. It's also referred to as Equity. In versions prior to 9, Excess Income and Expense is the adjustment to the Fund Balance over time. v9 doesn't have an Excess Income and Expense line, since that account isn't used in v9, and isn't really appropriate for the Balance Sheet anyway.