Manage Month End Allocations

The month end process allows you to allocate ledger balances that result from any as-of activity. The Month End Allocation Process allocates ledger balances from the Monthly Ledger Balance table, based on the Allocation Rates from the Daily Period and the ledger accounts identified in the Allocation Rule used by the entity.

These transactions include a Daily Accounting Date equal to the Current Processing Date, and a Monthly Accounting Date equal to the Month End Date. The month end allocation process also generates month end Virtual Allocations. You can use the Post Month Class Allocation panel to trigger month end class allocations and can use the Post Month Section Allocations panel to trigger sector allocations.

When triggering the Month End Allocation process, Eagle Accounting posts the month end allocation entries, as well as reversal entries to back out the month end allocation from the current period. These transactions have a Daily Accounting Date equal to the Current Processing Date, and a Monthly Accounting Date equal to the Current Processing Date.

Post Month End Class Allocations

In the Post Month Class Allocations panel, you can manually post month end share class allocations to the ledger when you use month end processing.

To post month end class allocations:

1. In Accounting Center, in the left navigation pane, click Fund Accounting > Month End > Post Month Class Allocations.
   You see the Post Month Class Allocations panel.

2. In the Entity ID or Entity Name fields, specify the unique alphanumeric identifier or the abbreviated name of the mutual fund entity you want to process.

3. In the Month End Accounting Period Date field, specify the month end effective date of the class allocation.

4. Click Submit.
   The system posts the share class allocations to the ledger.

After you post month end class allocations, you can use the Populate Month End Balances panel to update ledger balances on the Monthly Ledger Balance table.

Post Month End Sector Allocations

In the Post Month Sector Allocations panel, you can manually post month end sector allocations to the ledger when you use month end processing.

To post month end sector allocations:

1. In Accounting Center, in the left navigation pane, click Fund Accounting > Month End > Post Month Sector Allocations.
   You see the Post Month Sector Allocations panel.

2. In the Entity ID or Entity Name fields, specify the unique alphanumeric identifier or the abbreviated name of the mutual fund entity you want to process.

3. In the Month End Accounting Period Date field, specify the month end effective date of the sector allocation.

4. Click Submit.
   The system posts the sector allocations to the ledger.

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