Statement of Activity
The statement of activity shows your organization’s financial activity over time. It shows how your net assets change, both with and without restrictions. For nonprofits, the statement of activity is similar to an income statement for businesses.
This FASB report’s just for U.S. subsidiaries. If you’re in another country, adjust the standard income statement to fit local needs. For more information, see Financial Report Builder.
This report shows the change in permanently restricted, temporarily restricted, and unrestricted net assets. It includes the following sections:
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Revenue and Gains
Net Assets Released from Restriction
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Expenses and Losses
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Increase in Net Assets (Revenue – Expense)
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Net Assets at Beginning of Period – This amount is the value in the Net Assets with Donor Restrictions of the Statement of Financial Position of the previous year-end closing.
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Net Assets at End of Period
By default, accounts beginning with 69 are classified as Release from Restriction accounts. If your implementation does not use the 69 series accounts by default:
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Specify which accounts are Release from Restriction accounts. To tag an account as a Release from Restriction account, go to the Edit Account page, and then select Release from Restriction from the Applies To list.
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Make a copy of the report and then manually update it based on the appropriate account numbers.
To view the Statement of Activity report:
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Go to NFP Financial Center > Financial Reports > Statement of Activity.
NetSuite displays the report.
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At the bottom of the page, select values in Period or From and To fields.
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From Column list, select Restriction (Custom) to add the columns for restrictions.
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Click Refresh.
To print the report, click the print icon at the bottom of the page.