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.
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:
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ASSETS (header row)
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Current Assets (header row)
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Bank (financial section)
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Accounts Receivable (financial section)
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Unbilled Receivable (financial section)
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Other Current Asset (financial section)
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Total Current Assets (summary row)
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Fixed Assets (financial section)
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Other Assets (financial section)
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Total ASSETS (summary row)
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LIABILITIES & NET ASSETS (header row)
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Current Liabilities (header row)
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Accounts Payable (financial section)
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Credit Card (financial section)
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Other Current Liability (financial section)
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Total Current Liabilities (summary row)
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Long Term Liabilities (financial section)
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NET ASSETS (header row)
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Net Assets Without Donor Restrictions
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Net Assets With Donor
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Total NET ASSETS (summary row)
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Total LIABILITIES & NET ASSETS (summary row)
Sections with zero values are not included.
To view the Statement of Financial Position report:
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Go to NFP Financial Center > Financial Reports > Statement of Financial Position.
NetSuite displays the report.
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At the bottom of the page, select values in End of or As Of fields.
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To include columns for custom segments, select the custom segment from the Column list.
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Click Refresh.
To print the report, click the print icon 
at the bottom of the page.