Apply the fund structure to an engagement
You can choose the fund structure when creating a new engagement or you can apply the fund structure to an existing engagement.
Before you apply the fund structure to an engagement, we recommend that you first set up one or more fund templates.
We do not recommend changing the fund template in an existing engagement unless you're going to set up all of your document formulas again.
- If you change from one fund template to another fund template in an existing engagement, this will change the structure of the categories, types, funds, and subfunds in the trial balance (select
Setup, thenFundsfrom the trial balance toolbar to display). - If you change from one fund template to another fund template in an existing engagement, then change it back to the originally selected fund template and save your changes, the formulas will be broken and need to be manually fixed again.
- If you change from fund structure to another type of structure in an existing engagement, formulas in Word and Excel documents using the Engagement Manager toolbar will no longer work on the engagement. This happens because the unique IDs attached to every fund and subfund change as well.
important
When you change the structure of an engagement from divisional to fund, Engagement Manager deletes all division definitions in the engagement. We recommend following these steps before changing the account structure from divisional to fund.
- Save the division definitions for the engagement you're changing from divisional to fund.
- Follow the steps to apply the fund structure to an existing engagement.
- Use the saved division definitions to redefine the fund definitions in the updated engagement.
- Do one of the following:
- To apply the fund structure when you add a new engagement, selectFundfrom theStructuredropdown in the Accounts section of theReporting Periodsscreen.
- To apply the fund structure to an existing engagement:
- Open the engagement, then select
Properties. - SelectTrial Balance, thenFundfrom theStructuredropdown in the Accounts section.
- Choose to select a fund template or apply the fund structure without an existing hierarchy.
- To apply the fund structure using one of your firm's fund templates, select a template from theFund Templatedropdown. Engagement Manager populates theMaskfield with the mask information from the template you selected and applied the associated fund hierarchy to the new engagement.
- To apply the fund structure without an existing hierarchy, selectNewfrom theFund Templatedropdown and specify the mask in theMaskfield to define the numbering system for associated accounts. After you create the engagement, you'll need to build the fund hierarchy in the Trial Balance tab.
