Workflow - Setting up Fund accounting features in AdvanceFlow

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This workflow walks you through the tasks associated with setting up and using Fund Accounting features in AdvanceFlow.

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Verify your firm's fund
structure requirements
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Create a fund template
and set up a fund hierarchy
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Create fund sets for reporting purposes
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Build the fund
hierarchy from within
theTrial Balance tab
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Build the fund
hierarchy from within
theTrial Balance tab
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Fund engagement setup
is complete
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Did you use a fund template?
<font style="font-size: 11px">Did you use a fund template?</font><br>
Redefine the fund definitions in the updated engagement as needed
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Apply the fund structure
to an engagement
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Did you update the account structure
from Divisional to Fund?
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Update links in any Excel workpapers
within AdvanceFlow

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Document the current
division definitions for the engagement
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No
No
Yes
Yes
Select a fund template
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Choose "New" when selecting a template and specify a mask
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No
No
Yes
Yes
No
No
Yes
Yes
Are you updating the account
structure from Divisional
to Fund?
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*
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* When you change the structure of an engagement from Divisional to Fund, AdvanceFlow deletes all division definitions in the engagement.


Related topic: Overview of Fund Accounting features

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