Closing

By closing 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 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!

When should you Merge vs. Close a fund?

• Merging funds will occur as of the prior posting period while Closing a fund will occur in the current open period.

• If funds are leaving the Pool, 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're splitting the fund out, then Close the fund and split the balances amongst the new funds.
• Close is more transparent since you can see the entries in the closed fund.
• Reopening multiple periods will unmerge funds and reopen closed funds.