This section lists the panels that allow you can use to perform month end processing tasks manually. Many of these panels are for use only with month end processing for the Eagle mutual fund accounting solution. Other panels are also for use by the Eagle core accounting solution when you use month end processing for reporting purposes.
WRITERS NOTE: need review of order of panels. don’t know whether to show one list or to separate out panels for core accounting vs. mutual fund accounting.
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month end reporting that reflects as-of transactions.
Before using these panels:
Review the processing activities, and reports described in Manage Month End Processing.
Be sure to set up master funds and bases for month end processing.
Be aware that you
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can use Control Center schedules to automate these month end processing activities. Control Center provides month end schedules for Mutual Fund Accounting that allow the system to perform these tasks along with additional tasks such as testing accounting activity in a real time manner, using control periods, and reconciling as-of monthly books.
The exact tasks you perform during month end processing and the order in which you perform them can vary, based on your organization’s business needs and how you utilize the Eagle product suite.
Panel Name | Solution | Comments | |||
|---|---|---|---|---|---|
Core Accounting Mutual Fund Accounting | Uses STAR to PACE batch to transfer month end accounting data. | ||||
Populate Post Daily Fund Month End Ledger BalancesValuation | Mutual Fund Accounting | Creates month end ledger balances for transactions considered Calculates unrealized gains and losses for positions that use month end processing. The month end valuation of securities processes all securities from a month end as-of activity. You run use the Populate Monthly Ledger Balances panel both before and after allocations for proper mutual fund processingperspective. | |||
Mutual Fund Accounting | Processes valuations for foreign balances where the Month End Balance differs from the Daily Balance. | ||||
Mutual Fund Accounting | Allocates monthly ledger balances by class. | ||||
Mutual Fund Accounting | Allocates monthly ledger balances by sector. | ||||
Core Accounting Mutual Fund Accounting | Creates month end ledger balances for transactions considered as-of activity. You run use the Populate Monthly Ledger Balances panel both before and after allocations for proper mutual fund processing | ||||
Mutual Fund Accounting | Calculates a month end NAV. | ||||
Core Accounting Mutual Fund Accounting | Performs month end STAR to PACE ledger push. | ||||
Mutual Fund Accounting | Calculates unrealized gains and losses for positions that use month end processing. The month end valuation of securities processes all securities from a month end as-of perspective. | ||||
Mutual Fund Accounting | Processes valuations for foreign balances where the Month End Balance differs from the Daily Balance. | ||||
Core Accounting | If you use Mutual Fund Accounting with Control Center’s Month End module, Control Center closes month end accounting periods for you. | ||||
Mutual Fund Accounting | If you use Mutual Fund Accounting with Control Center’s Month End module, Control Center closes monthly valuation periods for you. | Core Accounting Mutual Fund Accounting | Reports used vary by client. Reports can require additional setup and preprocessing. |
Other Month End Processing Considerations
Other tasks can include:
Portfolio Turnover. If Mutual Fund Accounting clients plan to use Portfolio Turnover reports, they can use the Calculate Monthly Averages panel to compute the market value averages to use in monthly Portfolio Turnover reporting.. For more information, see Portfolio Turnover Reports.
NII. If Mutual Fund Accounting clients that use month end processing use month end net investment income (NII) distributions. you can run month end net investment income (NII).
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