Process Accruals for Cash Balances
In the global Interest on Cash Balances - Accrue panel, you can process daily cash balance accruals manually. The system processes daily accruals against the cash balance position, and calculates the accruals based on the setup of the cash balance accrual security you linked to the cash account.
To process accruals for cash balances manually:
In Accounting Center, in the left navigation pane, click Processing and Exceptions > Global Processes > Earnings > Interest on Cash Balances - Accrue.
You see the Interest on Cash Balances - Accrue panel.- Complete the options on the Interest on Cash Balances - Accrue panel.
- Click Submit.
The Global Processing Results pane appears at the bottom of the panel. The Detail tab shows each entity/security that was accrued with a Status of Processed and Event Type of Earn. Otherwise, if the system finds no accruals to process, the system displays a message indicating it produced no loopbacks.
After you process accruals for cash balances, you can review them in Position Viewer. When you view the cash balance accrual security, you can select the Income Lots tab in the Income object and examine the income lots.
Interest on Cash Balances - Accrue Panel Options
In the Interest on Cash Balances - Accrue panel, you can process accruals for cash balances manually. The options may vary according to your selections.
| Option | Tag | Description |
|---|---|---|
Accrue | ||
| Select Query Option | 2283 | This option determines how to apply the accruals, as follows:
|
Entity Information | ||
| Entity ID | 1163 | Specifies the identifier of the entity. It appears when you select One Entity/One Cash Account or One Entity/All Cash Accounts in the Select Query Option field. |
| Entity Name | 1164 | Specifies the name of the entity. It appears when you select One Entity/One Cash Account or One Entity/All Cash Accounts in the Select Query Option field. |
Cash Account Information | ||
| Cash Account Name | 11696 | Specifies the name of the cash account for the custodian. It appears when you select One Entity/One Cash Account or All Entities/One Cash Account in the Select Query Option field. |
| Cash Account Number | 11697 | Specifies the account number of the cash account for the custodian. It appears when you select One Entity/One Cash Account or All Entities/One Cash Account in the Select Query Option field |
| Settlement Currency | 63 | Displays the currency for the specified cash account. |
Earnings Date | ||
| Earn Through Date | 461 | Specifies the earn through date. The default is the current day. |
| Process Center | 4896 | Specifies the entity's process center. It appears when you select All Entities/One Cash Account or All Entities/All Cash Accounts in the Select Query Option field. |
Earnings Rollback | ||
| Allow Earnings Rollback | 1257 | This option indicates whether you want to roll back earnings to a previous earn through date. Options include: Yes and No. It appears when you select One Entity/One Cash Account or One Entity/All Cash Accounts in the Select Query Option field. |
Domestic/Foreign Indicator | ||
| Domestic/Foreign Processing Indicator | 10706 | Indicates the type of accruals you are processing. Leave this field blank for all accruals. this field appears when you select One Entity/One Cash Account or One Entity/All Cash Accounts in the Select Query Option field. Options include: – Domestic Only (Local Currency = Base Currency) – Foreign Only (Local Currency Not = Base Currency) – None |
| Partition | 95 | Specifies the entity partition code. It appears when you select All Entities/One Cash Account or All Entities/All Cash Accounts in the Select Query Option field. |
Close Interest Accrual Periods
In the Close Interest Accrual Period panel, you can close the last interest accrual period for cash accounts associated with cash balance accrual positions. You can close the interest accrual period for a single cash account, or for all cash accounts associated with a specified entity or bank. After a coupon drops and you reconcile the cash payment, you can use this option because you want to close the accrual period so that backdated settlements do not cause a change to the reconciled interest and income balances for the period. If you close the interest accrual period, backdated cash settlements do not cause a change to the interest accruals for that period but are reflected in the daily accruals at the start of the next period. Be aware that closing interest accrual periods is not accounting basis specific, and applies to all bases.
To close interest accrual periods:
In Accounting Center, in the left navigation pane, click Transactions > Cash > Earnings > Interest on Cash > Close Interest Accrual Period.
You see the Close Interest Accrual Period panel.- Complete the options on the Close Interest Accrual Period panel.
- Click Submit.
You closed the last interest accrual period for cash accounts associated with the selected entity, bank, or cash account. Reopening the accrual period updates the previous accrual lock date for the account record in the database. The lock date, which is the payment date minus one, becomes the current lock date until you reclose the last accrual period.
Close Interest Accrual Period Panel Options
In the Close Interest Accrual Period panel, you can close the last interest accrual period for cash accounts associated with cash balance accrual positions. Note options may vary according to your selections.
| Option | Tag | Description |
|---|---|---|
Panel Options | ||
| Select Query Option | 2283 | Indicates whether to close the interest accrual period for all cash accounts associated with a specific entity, bank, or cash account. Options include:
|
Entity Information | ||
| Entity ID | 1163 | Specifies the identifier of the entity. It appears when you set the Select Query Option field to a value of Entity. |
| Entity Name | 1164 | Specifies the name of the entity. It appears when you set the Select Query Option field to a value of Entity. |
Bank Information | ||
| Bank Code | 1176 | Specifies the code value, or short name, used to identify the custodian bank holding the assets. It appears when you set the Select Query Option field to a value of Bank. |
| Bank Name | 1177 | Specifies the name of the custodian bank associated with the selected custody bank code. It appears when you set the Select Query Option field to a value of Bank. |
Cash Account Information | ||
| Cash Account Name | 11696 | Specifies the name of the cash account for the custodian. It appears when you set the Select Query Option field to a value of Cash Account. |
| Cash Account Number | 11697 | Specifies the account number of the cash account for the custodian. It appears when you set the Select Query Option field to a value of Cash Account. |
| Settlement Currency | 63 | Displays the currency for the specified cash account. |
Close Interest Accrual Period | ||
| Period End Date | 298 | Displays the end date of the last accrual period for the selected cash account. This is the period you are closing for the cash account. It appears when you set the Select Query Option field to a value of Cash Account. |
| Action | 1257 | Displays the text, Close Last Interest Accrual Period. This text is informational. |
Reopen Interest Accrual Periods
In the Reopen Interest Accrual Period panel, you can reopen the last interest accrual period for cash accounts associated with cash balance accrual positions. You can reopen the interest accrual period for a single cash account, or for all cash accounts associated with a specified entity or bank. If you closed the accrual period so that backdated settlements did not cause a change to the reconciled interest and income balances for the period, you can use this option to reopen the period. Be aware that reopening interest accrual periods is not accounting basis specific, and applies to all bases. Also consider whether the entity's accounting periods are open or closed. If all of the entity's accounting periods are closed and the interest accrual period is not closed, backdated settlements cause the rollback and replay of interest accruals but the replayed accruals carry the next day's accounting date.
To reopen interest accrual periods:
- In Accounting Center, in the left navigation pane, click Transactions > Cash > Earnings > Interest on Cash > Reopen Interest Accrual Period.
You see the Reopen Interest Accrual Period panel. - Complete the options on the Reopen Interest Accrual Period panel.
- Click Submit.
You reopened the last interest accrual period for cash accounts associated with the selected entity, bank, or cash account. Closing the accrual period updates the account record in the database with the accrual lock date. The lock date is the payment date minus one.
Reopen Interest Accrual Period Panel Options
In the Reopen Interest Accrual Period panel, you can reopen the last interest accrual period for cash accounts associated with cash balance accrual positions. Note options may vary according to your selections.
| Option | Tag | Description |
|---|---|---|
Panel Options | ||
| Select Query Option | 2283 | Indicates whether to reopen the interest accrual period for cash accounts associated with a specific entity, bank, or cash account. Options include:
|
Entity Information | ||
| Entity ID | 1163 | Specifies the identifier of the entity. It appears when you set the Select Query Option field to a value of Entity. |
| Entity Name | 1164 | Specifies the name of the entity. It appears when you set the Select Query Option field to a value of Entity. |
Bank Information | ||
| Bank Code | 1176 | Specifies the code value, or short name, used to identify the custodian bank holding the assets. It appears when you set the Select Query Option field to a value of Bank. |
| Bank Name | 1177 | Specifies the name of the custodian bank associated with the selected custody bank code. It appears when you set the Select Query Option field to a value of Bank. |
Cash Account Information | ||
| Cash Account Name | 11696 | Specifies the name of the cash account for the custodian. It appears when you set the Select Query Option field to a value of Cash Account. |
| Cash Account Number | 11697 | Specifies the account number of the cash account for the custodian. It appears when you set the Select Query Option field to a value of Cash Account. |
| Settlement Currency | 63 | Displays the currency for the specified cash account. |
Reopen Interest Accrual Period | ||
| Period End Date | 298 | Displays the end date of the last accrual period for the selected cash account. This is the period you are reopening for the cash account. It appears when you set the Select Query Option field to a value of Cash Account. |
| Action | 1257 | Displays the text, Reopen Last Interest Accrual Period. This text is informational. |
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