Financial Services

Financial Services

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Statement of Operations Non-Resh Report PART 1 (Run & Interpret)

This tutorial introduces the Statement of Operations – Non Research Report. This report is an account level summary of opening surplus/deficit plus adjustments, current month actuals, year to date actuals, commitments, budget and closing surplus/deficit with and without commitments.

The two most common uses of this report are:

  1. To view current year to date information for Actuals, Outstanding Commitments, Budget, Year to Date Variance, and Surplus/Deficit and
  2. To perform the monthly reconciliation process to ensure that all transactions are accounted for.