For example: An endowed statement might have investment earnings detailed by realized and unrealized gains, interest, dividends and fees. A statement for a pass-thru fund might only have Interest.
- Statements might have different language or terminology used because of the audience.
- You might have different styles for different divisions.
- Regardless of the reason, the merge document created will point to a different data set so that when merged each fund will use the correct style.
- The statement style code is similar to the grant letter or the acknowledgment code.
- It is used during a merge to identify which merge document should be used for this particular fund.
See When I run my fund statements into a merge document, I am not seeing all my funds. Why? for some additional discussion on how and why to use statement styles and how they work.