If there is a difference between the two printed fund balances on the Annual Report fund balances summary page because of rounding errors, it should be corrected by making entries on the ABReport Fund Adjustments screen.
Step-by-Step Instructions
Fund Adjustments are only used on the printed and electronic Annual IFARMS Annual Reports.
- In ABReport, use the top menu and select Fund Adjustments.
- Select a fund that needs adjusted by clicking on the Amount column.
- To increase a revenue total, enter a negative (-) for a credit amount.
- To decrease a revenue total, enter a positive (+) amount.
- To increase an expense total, enter a positive (+) for a credit amount.
- To decrease an expense total, enter a negative (-) amount.
- Press Save.
Reset Fund Adjustments
If needed, clear all fund adjustments by pressing the Clear All Adj button. This will reset all adjustments to 0.