Glossary
Financial Reporting

Supplemental Schedule

By: Alec Hollingsworth
Updated:  
June 16, 2025

DEFINITION:

A supplemental schedule is an additional report that provides detailed financial information supporting the main financial statements.
A supplemental schedule is an additional financial statement or detailed report included alongside the primary financial statements in financial reporting. These schedules provide extra information, such as breakdowns of expenses, grants, or program activities, that support or clarify figures presented in the main statements. They help stakeholders gain a deeper understanding of the organization's finances by offering greater transparency and detail, which is especially important for nonprofits with complex funding sources and reporting requirements. Supplemental schedules may be required by regulatory bodies, grantors, or donors to ensure full disclosure and compliance.

Key Takeaways

  • Offers detailed breakdowns of key financial areas
  • Enhances transparency and supports main statements
  • Often required by auditors, donors, or regulators
  • Can be customized to fit organizational needs

Why It Matters

They provide transparency, detail, and clarity to financial statements for stakeholders.

Real World Example

A nonprofit organization prepares its annual financial statements for its board and key donors. In addition to the Statement of Activities and Statement of Financial Position, the organization includes a supplemental schedule detailing the allocation of grant funds by program. This schedule breaks down how each grant was spent on program services, administrative costs, and fundraising. Auditors and donors review this supplemental schedule to ensure funds were used as intended and to verify compliance with grant agreements. The added detail helps build trust and demonstrates responsible stewardship of resources.

How Aplos Helps

In Aplos, users can generate customizable supplemental schedules as part of their financial reporting process. These schedules help organizations present detailed breakdowns of accounts or activities, fulfilling requirements from funders or auditors, and supporting their main financial statements. Aplos reporting tools streamline the creation and export of these schedules for compliance and transparency.
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Frequently Asked Questions

What is the purpose of a supplemental schedule?

A supplemental schedule provides additional detail and transparency, supporting figures in the main financial statements.

Are supplemental schedules required for all nonprofits?

Not always, but many auditors, grantors, or regulatory agencies may require them for compliance and clarity.

How can I create a supplemental schedule in Aplos?

Aplos allows users to customize and generate supplemental schedules as part of its financial reporting features.

What types of information are typically included in a supplemental schedule?

They often include detailed breakdowns of expenses, program costs, or allocations of grants and donations.

Can a supplemental schedule be tailored to specific funder requirements?

Yes, organizations can customize supplemental schedules to meet particular reporting needs or funder specifications.

Related Terms

Adjusting Entry
Credit Card Reconciliation
Chart of Accounts
Grant Restriction
Net Asset Classification
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