...
Overview
Eagle Accounting provides functionality to post interest on cash balances. The use of miscellaneous income transactions allows it to be incorporated into Accounting, Data Management, and Performance.
| Include Page | ||||
|---|---|---|---|---|
|
...
Entity Setup
There is no special entity set up required. However, if performance will be run for the entity, the appropriate S2P Direct Interface Flags need to be set. Create Performance Cash Flows in PACE and Store Cash Positions in PACE must both be set to Yes.
...
Reference Data
Because miscellaneous income transactions are used, there is no extra security setup involved.
...
Interest on cash is recorded directly against the cash balance, therefore it will be captured in the market value of the cash.
...
Performance
To ensure an accurate contribution to return (CTR), you must exclude the cash flows related to these miscellaneous income transactions from your performance reports. Excluding these flows results in a performance return on the cash balance record that then rolls up to the CTR.
...
After making these changes, you can run performance and verify the results, as shown in this example:
...
Automation
Message Center can be used to send in the miscellaneous income transactions. Refer to Message Center documentation for more details.