Report on Month End Processing

You can use the following reports when you use month end processing.

WRITERS NOTE: JN to review this page

Understand Month End Reports

You can use Eagle Accounting’s standard report package to run a number of reports that use month end information.

When you run these reports you can usually specify these values:

• Report Type. The report type specifies the type of date for controlling the report results. For month end reports, you select the Month End Date option. This uses report data in the Eagle data warehouse with the MSTARDIRECT data source.

• Report Date. The report date specifies the effective date for the report results. For month end reports, you Identify the month end date.

Every time you book a transaction in Eagle Accounting, dates are booked to a number of dates including the Accounting Date and Month End Date. When you set up the entity to use monthly accounting periods rather than daily periods, the system records the transaction (trade) date in the Accounting Date and the current open month end date in the Month End Date.

For example, a trade to buy shares for for a security on October 16th posts October 16 in the Accounting Date and October 31 in the Month End Date.

The system uses the dates differently when reporting information in different types of reports:

• Activity reports (Accounting Journal) show the transaction as occurring on October 16

• Balance reports (Trial Balance) reflect the transaction at October 31

In contrast, if your entity uses daily periods, the current open period is October 16, then a transaction to buy shares for a security on October 16 posts this date to both the Accounting Date and to the Month End Date. The Activity and Balance reports use the same date to return the information.

WRITERS NOTE: this example from Ken Metcalf is in Knowledge Base item 170427744994767.

Month End NAV Reconciliation Report

When you use month end processing with Mutual Fund accounting, you can use the Month End NAV Reconciliation report.

WRITERS NOTE: can you run it manually or would you only use Control Center to run it?

Potential as of Ledger Activity Report

When you use the month end processing workflow with Mutual Fund Accounting, you can use the Potential as of Ledger Activity report. The Potential as of Ledger Activity report can identify any potential as of activity after the month end close date. For more information about the report and how to set it up, see Monitor Potential As-Of Activity.