Statement of Financial Position

The statement of financial position is similar to a for-profit company’s balance sheet. The statement of financial position for a nonprofit is similar to a balance sheet for a for-profit business.

Important:

To calculate net assets correctly, all transactions must include a value for Restriction. If you add restriction values, be sure to customize this report to add rows under NET ASSETS for the additional Restriction values. For guidance, see Report Customization.

This FASB report is designed for U.S. subsidiaries only. For subsidiaries in other countries, customize the standard balance sheet as needed to adjust the layout to meet local requirements. For more information, see Financial Report Builder.

The standard Statement of Financial Position includes the following rows:

Sections with zero values are not included.

To view the Statement of Financial Position report:

  1. Go to NFP Financial Center > Financial Reports > Statement of Financial Position.

    NetSuite displays the report.

  2. At the bottom of the page, select values in End of or As Of fields.

  3. To include columns for custom segments, select the custom segment from the Column list.

  4. Click Refresh.

To print the report, click the print icon Print button at the bottom of the page. 

Related Reports

Statement of Activity
Statement of Cash Flow
Statement of Functional Expense
Restricted Revenue by Account
Restricted Revenue by Program

Related Topics

Navigating a Report
Setting Report Footer Options
Graphing a Report
Printing a Report
Emailing a Report
Scheduling a Report
Exporting a Report
Report Customization
Reporting Overview

General Notices