Restricted Fund Method

When preparing the Not-for-profit statements for the Restricted Fund Method it is recommended you use the 9-column Statement format. Using the 9-column Statement Format you are able to program each fund as a separate column on the Statement of Financial Position, Revenues and Expenditures, Changes in Net Assets/Fund Balances and the Statement of Cash Flow.

1. Start off by dividing the trial balance into separate funds using the Caseware consolidation feature (Setting up the entities in Caseware).

2. Assign the GL accounts to the respective funds (Assigning accounts to the entities).

3. In the Jazzit financial statements switch over to the 9-columns statement format in the Admin section of the Home Menu.

   

Also included:

• Column Settings

• Statement of Charges in Net Assets

• Statement of Financial Position

• Statement of Revenues and Expenditures