Statement of Functional Expense

The statement of functional expenses breaks down costs by function (like programs, management, or fundraising) and type (personnel or non-personnel).

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

To view the Statement of Functional Expense report:

  1. Go to NFP Financial Center > Financial Reports > Statement of Functional Expense.

    NetSuite displays the report.

  2. At the bottom of the page, select values in Period or From and To fields.

  3. From the Column list, select Functional Expense (Custom).

  4. Click Refresh.

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

By default, accounts beginning with 72 are classified as functional expense accounts. If your setup doesn’t use 72 series accounts by default, update this report manually. Copy the report and update it with the right account numbers.

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