Manage Accounting Period Close Rules

Owned by Tom Fahey (Unlicensed)
Last updated: Oct 25, 2016 by Former user (Deleted)
3 min read

Period close rules determine how the system assigns accounting dates when it processes transactions.

Each period close rule includes an accounting date rule used to assign an accounting date to a transaction, along with an accounting date rule used to assign an accounting date to a transaction in the event that the accounting period for the date identified by the initial rule is closed or does not exist. The system applies the period close rules you create to transactions that have message types of MTOPEN, MTCLOSE, and MTLINK. By default, it applies a period close rule of latest open period to transactions for other message types, such as MTCANCEL and MTCASH.

Set Up Entities for Period Close Rules

Content on this page:

Before you create period close rules, you use each entity's Accounting Period Rule Date field (tag 2300) to indicate the criteria that the system uses to identify the period close rules for the entity's transactions. If the entity uses period close rules applied across a group of funds, you use the Accounting Date Rule Group field (tag 4303) to identify the entity group that has period close rules used by the entity. These fields appear in the Add/Change Entity panel and the Master Fund Setup panel. 

Add Period Close Rules

In the Add Period Close Rule panel, you can add a period close rule.

To add a period close rule:

  1. From any Eagle window, click the Eagle Navigator button to access the Eagle Navigator.
  2. Enter Add Period Close Rule in the Start Search text box.
  3. Click the Add Period Close Rule link to access the panel.
    You see the Add Period Close Rule panel.
  4. Complete the options on the Add Period Close Rule panel and click Submit. See the Period Close Rule Panel Options page.
  5. Close the Add Period Close Rule bottom tab.

Change Period Close Rules

In the Change, Delete or List Period Close Rule panel, you can change one or more period close rules.

To change a period close rule:

  1. From any Eagle window, click the Eagle Navigator button to access the Eagle Navigator.
  2. Enter Change, Delete or List Period Close Rule in the Start Search text box.
  3. Click the Change, Delete or List Period Close Rule link to access the panel.
    You see the Change, Delete or List Period Close Rule panel.
  4. In the Please Select Action field, select Change Period Close Rules.
  5. Complete the remaining options on the Change, Delete or List Period Close Rule panel and click Submit. 
    You see the period close rules that met your criteria in the Show All tab.
  6. Select the row for each period close rule you want to change, and click Change Selected Period Close Rules.
    You see each rule you selected in the Change Selected Period Close Rules tab.
  7. Change the rules and click Submit.
    You can change the following information for each rule:  Assignment Rule and Period Close Rule. The remaining fields describing the rule are locked and are for information only.
  8. Close the Change, Delete or List Period Close Rule bottom tab.

Delete Period Close Rules

In the Change, Delete or List Period Close Rule panel, you can delete one or more period close rules.

To delete a period close rule:

  1. From any Eagle window, click the Eagle Navigator button to access the Eagle Navigator.
  2. Enter Change, Delete or List Period Close Rule in the Start Search text box.
  3. Click the Change, Delete or List Period Close Rule link to access the panel.
    You see the Change, Delete or List Period Close Rule panel.
  4. In the Please Select Action field, select Delete Period Close Rules.
  5. Complete the remaining options on the Change, Delete or List Period Close Rule panel and click Submit.
    You see the period close rules that met your criteria in the Show All tab.
  6. Select the row for each period close rule you want to delete, and click Delete Selected Period Close Rules.
    You see a row for each rule you selected in the Delete Selected Period Close Rules tab.
  7. Click Submit to delete the selected rules.
  8. Close the Change, Delete or List Period Close Rule bottom tab.

List Period Close Rules

In the Change, Delete or List Period Close Rule panel, you can view a list of period close rules.

To list period close rules:

  1. From any Eagle window, click the Eagle Navigator button to access the Eagle Navigator.
  2. Enter Change, Delete or List Period Close Rule in the Start Search text box.
  3. Click the Change, Delete or List Period Close Rule link to access the panel.
    You see the Change, Delete or List Period Close Rule panel.
  4. In the Please Select Action field, select List Period Close Rules.
  5. Complete the remaining options on the Change, Delete or List Period Close Rule panel and click Submit.
  6. Close the Change, Delete or List Period Close Rule bottom tab.