Example B illustrates the Daily Life-to-Date Calculation, the first Eagle Accounting processing principle. It continues with the same scenario described in Example A: Daily Life-to-Date Calculation.
You purchase the security described in the following table into the entity TaxDemo2 with a Trade Date and Settle Date of 20140401; Par is 1,000,000 and interest has been accrued for 4 days.
...
Eagle Accounting calculates the accrual delta for 20140406 as follows:
28,666.67 (Expected Value)
...
- 23,055.56 (Interest Purchased)
- 694.44 (Current Accrual to Date)
to generate an accrual delta of 4,916.67