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