Here are the steps to create audited school financials for the PCSB
- Open the June'22 FRT22 for the school
- Update the Income Statement (IS1) and Balance Sheet (BS1) for the school
- Update the presentation, adding new custom accounts as necessary
- On the setup tab,
- Cell T67, please change from "FRT22" to"FRT23"
- Near cell Z3, press the "Upgrade Software" button
- Near cell AC3, press the "Run ExcelUpdates" button
- Near cell I55, click the "Create Authorizer Report" button
- When prompted, select Yes or No for owned facilities
- In the Audited FS Template Annual tab
- Select the school from cell C2
- On the Annual tab
- Rows12:18 | Reallocate occupancy expense between owned and leased
- Rows 27:29 | Enter functional expense breakdown from the audit. This will clear the red flag