Using FACTS to Manage Cash for Organizations Spending Net Income

Using FACTS to Manage Cash for Organizations Spending Net Income

Organizations that spend net income can use FACTS to move cash out of the Investment Pool and equitably disperse it among Funds for Grant making purposes.

The Reconcile tab has a Disbursements field where you can enter a negative number (for example, the net income amount) that will be disbursed from the Investment Account you are reconciling and allocated to the participating Funds’ General Ledger asset accounts outside the Pool (for example, the General Ledger checking account).

Refer to the Reconcile Tab for more information about the available fields.

NOTE: If you use the Disbursements field for this purpose, you will want the Fund level disbursements to be treated as sell Transactions which will reduce each Fund’s units in the Pool but will not affect the unit value. To do this, set the Disbursement_Processing System Option to Transaction. Refer to System Options – FACTS for more information.