Budgets and Encumbrances Net/Surplus Deficit

Karen Badham — Fri, 17 Apr 2009 14:30:00 GMT

Many of you include budget and encumbrance columns on Income Statements in one way or another. If you use these columns there are some options you can utilize.

These options are on the Format tab. To get to them, select the Format tab and highlight Detail. I'm going to go over each one.

Print change in Net Assets at the end of the report populates a detailed net surplus/deficit section. You will need to mark this if you are going to use any of the other checkboxes I mention.
Print total net surplus/deficit gives you net surplus/deficit section grand totals.
Print Net Assets for encumbrance on a separate line adds a special net surplus/deficit line for encumbrance columns. If this box is not marked the encumbrance columns won't calculate the net surplus/deficit correctly in most cases.
Calculate change in Net Assets for budget columns adds a special net surplus/deficit line for budget columns.

I hope this adds valuable information to your Income Statement!

The Ledger : report columns

Budgets and Encumbrances Net/Surplus Deficit