Equalization Summary Report

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

The Equalization Summary report displays equalization summary information for the prior day ending equalization balance, the prior day balance and/or current day activity adjustments, the total of the current day activities, and the final ending equalization balance, for each active stream. The European Equalization calculation supports German Tax and European Union (EU) Savings calculations, including two components:

  • European Equalization Class Allocation. This component extracts/allocates total fund activities for single and multi class funds.
  • Daily Equalization. This component calculates unrealized equalization gain/loss, daily equalization adjustment, daily equalization activity, and the ending balance.

To create the Equalization Summary report:

  1. From the Accounting Center window, click Reporting in the left navigation.
  2. Double click Investment Accounting, Mutual Fund Reports, and Equalization Summary.
    You see the Equalization Summary panel.
  3. Complete the fields on the Equalization Summary panel.
  4. Click Submit and then click Advanced Report or Classic Grid Report.
    The report appears on your desktop for the view selected.

Equalization Summary Panel Options

A definition of the options on the Equalization Summary panel follows.

Required Parameters

  • Entity ID. Specifies a portfolio, sector portfolio, composite portfolio, or Master Fund by the entity ID of the entity.
  • Entity Name. Specifies a portfolio, sector portfolio, composite portfolio, or Master Fund by name of the entity.
  • Base Currency. Specifies the base currency for your report results.
  • Report Type. Specifies the type of date for controlling your report results.
    Options include:
    –  Accounting Date (Default)
    –  Month End Accounting Date
    –  Post Date
  • Report Period. Specifies the time period, date range, or particular date for your report. The time period may be entity specific or security specific, such as fiscal year.
    Options include:
    –  Daily Activity (Default)
    –  Date Range
    –  Fiscal Year to Date
    –  Life to Date
    –  Calendar Year to Date
    –  Inception to Date
    –  Month to Date
  • Start Date. Specifies the start date for your report results. The default is first day of the current month. To use this option, you must select Date Range as your report period.
  • End Date. Specifies the ending date for your report results. The default is today's date.
  • Show. Allows you to select Detail and Summary advanced report views for your report results.
    Options include:
    –  Detail Only (Default)
    –  Summary Only
    –  Detail and Summary