Fundsfix Guidance
I need help with Fundsfix setup -- my initial balance sheet is showing a number of "Due From(To)" numbers that I neither recognize nor understand. Is there some sort of users' guide?
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dxqu1yQ7ar3RjjacfA8pyY
09/27/09 2:58pm PDT
1 Reply
03/05/10 8:20am PST
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Each fund must be in balance with the accounting equation Assets=Liability+Equity. Most like likely what is happening is that you transferred some Assets between funds (e.g. bank account to bank account) but did not transfer the corresponding Equity. FundsFix creates Due From/(To) entries whenever there is an out of balance situation. Frequently, the out of balance is caused by the equity total for each fund not being correct.
