Copy or Roll Forward a Fund Engagement

You can copy or roll forward a fund engagement in a way similar to non-fund engagements. The fund setup information, other journal entry definitions, and journal entries get replicated in the new engagement.

Copy a Fund Engagement

All the options available when copying a non-fund engagement are also available for fund engagements. The following additional functionality is available:

  • The details of fund types, fund sub-types, and funds are automatically copied regardless of selection of other options.

  • If the Chart of Accounts option is selected in the Options page, the mapping of funds to accounts is also copied.

  • If the Chart of Accounts option is not selected, the mapping of funds to accounts is not copied.

  • The OJE definitions are automatically copied as a part of the copy process.

  • When the Journal Entries option is selected, all journal entries including other journal entries are copied.

The new engagement is added to the engagement list and is accessible once the copy process completes successfully.

Roll Forward a Fund Engagement

Just as in a non-fund engagement, rolling forward a fund engagement creates a new fund engagement for the subsequent year. The steps in the roll forward wizard are the same.

  • The OJE definitions are automatically replicated in the new engagement at the end of the roll forward process.

  • On the Review JEs page you can select whether each OJE and its amounts should be rolled forward.

The new engagement is added to the engagement list and is accessible once the roll forward process completes successfully.

The OJEs and OBALs from the source engagement are saved as prior year journal entries and prior year balances in the new engagement.

  • Prior year OBALs can be inserted as TB links in workpapers.

  • Prior year OBALs can be selected as columns to display in TB reports.

  • Prior year balances do not change when OJE definitions are changed in the new engagement.

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