How to produce financial statements after year end

ValerieVermette

Our year end is December and we post the adjusting journal entries, which affects funds, by May or June of the following year. In that time, we are not able to produce financial statements for the new fiscal year.

Until we can post the adjusting journal entries, then I can produce financial statements to date. Which are normally 5 months worth.

What do other Foundations do?

I post all other vouchers and donations, grants etc… Just no statement vouchers and revenue share or admin fees.

Looking forward to hearing from you.

Valerie