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A balance sheet - called the Statement of Financial Position for nonprofits - lists assets, liabilities, and net assets at a point in time.
The balance sheet summarizes what your organization owns (assets), what it owes (liabilities), and what remains (net assets) on a specific date. Nonprofit GAAP calls this report the Statement of Financial Position and presents net assets with and without donor restrictions instead of owner's equity. The accounting equation still holds: Assets = Liabilities + Net Assets. Boards use the balance sheet to assess liquidity, reserves, debt, and restricted resources. If you use fund accounting, a balance sheet by fund adds even more clarity by showing each fund's assets, liabilities, and balance.
Your balance sheet shows whether you have the resources to sustain programs, cover obligations, and honor donor restrictions, not just whether this month's income statement looks healthy.
Aplos gives you a fund-based Balance Sheet report, so you can see your overall financial position and each fund's part of it. Because funds are part of equity in Aplos, they appear on your balance sheet, while tags (used for programs, events, or locations) stay on your income and expense reports. You can tailor the Balance Sheet to your audience by filtering to one or more funds, choosing cash or accrual basis, adding your logo and title, and picking the layout that works best for your board.
Yes, in substance. Statement of Financial Position is the nonprofit GAAP title, and many boards still call it the balance sheet.
It presents your financial position with columns or sections for each fund, so you can see each fund's assets, liabilities, and balance. This is especially useful for restricted and designated funds.
At least monthly as part of your month-end close, and any time leadership needs a point-in-time view of liquidity and net assets.
Yes. You can filter the Aplos Balance Sheet by one or more funds and customize the basis, branding, and layout.
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