How do I account for agency funds in FIMS?
  • 01 Feb 2023
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How do I account for agency funds in FIMS?

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Article summary

A fund statement will need to be provided for most Agency Funds.

Answer:
Most foundations want or need to provide the Agency Fund a Fund Statement.  To do this in the same process as regular Fund Statements, you need to treat the Agency Fund like any donor Fund.  The attached document, How to Handle Agency Funds, will answer many questions about how to account for Agency Funds in FIMS while still maintaining the appropriate balance sheet accounting.


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