A frequent issue with non-profit lending is How much money do we have to lend? Combining lending activity tracked automatically within the RLSS software and a bit of optional data related to revenue and expense, this supplement will produce a Revenue and Expense report to assist in fund monitoring.
Not only does it produce a fund balance available for lending, but revenues and expenses are reported by current month, fiscal year-to-date, and cumulated totals. The user determines the fiscal year, inputs pertinent revenue and expenses (beyond loan disbursements and repayments) and selects an ending date. Because the user controls cutoff date and fiscal year, the report will provide timely information to assist with lending plans. It may also be helpful when reconciling lending records with your accounting system. Each loan fund can be set up to create reports specific to that fund. Reports can then be created for each specific fund, or the total lending portfolio. As new sources of revenue are found, they are easily added to the report. The process of entering miscellaneous expenses is just as easy. If accurate data is maintained, this report can provide loan counselors and managers with details of a fund's activity from its inception. It can also be a valuable tool during audits.
