CenterPoint Fund Accounting
- Flow of Funds
| Document #: | 3295 | Product: | CenterPoint |
|---|
Flow of Funds is an activity report of all operating funds, regardless of whether the entry was cash, line of credit, credit card or a general journal.
Reports > Financial Statements > Cash Flow Statements >Flow of Funds or Flow of Funds Detail:
Both reports provide all activity to any account that is offset by cash, line of credit, or credit card accounts. A report filter option allows to include or not include general journal transactions. The separate columns for cash, line of credit, credit card, and general journal amounts makes it easy to track the type of entry done in individual transactions. The Flow of Funds summarizes each account, whereas the Flow of Funds Detail lists each transaction. Both reports have drill down capabilities.
The end of the report totals the increase (decrease) to each operating fund along with the beginning and ending balance of each operating fund. In addition to identifying the types of entries for each account, the Flow of Funds reports are very useful to tie out ending balances for cash, line of credit, and credit card operating funds.
In the above example:
- Cash revenue of 16,362.50 minus cash expenses of 442.50 and a credit card payment of 430.00 equals a net increase in cash of 15,490.00.
- Line of credit account expense of 39,547.00 had a beginning balance of zero. Line of credit ending balance is 39,547.00.
- Credit card charges this month is 226.00. With a beginning balance of 204.00, the credit card payment of 430.00 equals a credit card ending balance of zero.
- The cash ending balance of 90,039.06 minus line of credit liability ending balance of 39,547.00 equals a total operating funds ending balance of 50,492.06.
See Also