When performing a year end close, you can specify where the net earnings should be allocated to:
In the Engagement > Year End Close and Roll Forward dialog, check off the Updates next year’s opening balance data with checkbox
Select the Multiple button next to the R/E Account Number field to enter the fund equity account numbers.
There are two scenarios that can occur:
Funds were created as entities using the consolidation feature in Caseware.
Funds are allocated to GL accounts and no fund structure exists. This means that the total net income (earnings) should be manually allocated between each fund.
Also included in: Year End Close With Multiple Funds
