Objective: To post activity for and reconcile the client's first period (month/quarter/etc.) within Fundriver; this ensures that beginning balances are correct, activity is complete, and trains the client in use of Fundriver for ongoing tracking and reporting.
60 minutes: Posting and reconciliation of periodic data
- Creation of new funds
- Entry or upload of fund transactions
- Posting of automatic spending and/or administrative fee transactions
- Entry of investment activity
- Reconciliation of funds and investment activity
15 minutes: Review of period closing reports
- Review "Endowment Transaction Rollforward Report"; discuss allocation process
- Review Audit Logs
- Discuss any additional reporting needs
10 minutes: Discuss any additional training or setup needs
- Discuss any additional modules and any setup or training needed
- Discuss GL exports (automatic JE creation)
- Review any outstanding questions or issues