Deactivating/Closing
By deactivating a fund, Balance will automatically create the system-generated transactions to sell units, zero out the market value and historical gift of the fund as of the prior period value. No need to enter your own transactions- we do it for you!
How Do I Deactivate/Close a Fund?
Merging
By using the Merge Funds feature, Balance will automatically create the system-generated transactions to move the historical gift balance and earnings to the remaining open fund. No need to book any additional transfers!
How Do I Merge Funds in Fundriver?
When should you Merge vs. Deactivate/Close a fund?
- Merging funds will occur as of the prior posting period while Deactivating a fund will occur in the current open period
- If funds are leaving the Pool, Deactivating/Closing a fund will create the entries you need
- If you are moving funds from one fund to another, then you can Merge. If you splitting the fund out, then Deactivate/Close the fund and split the balances amongst the new funds
- Deactivate/Close is more transparent since you can see the entries in the closed fund
- Reopening multiple periods will Unmerge funds
- Reopening multiple period will Reopen deactivated funds