Manage 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. In the Reopen Interest Accrual Period panel, you can reopen the last interest accrual period for cash accounts associated with cash balance accrual positions.

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.

On this page

1 Close Interest Accrual Periods
2 Close Interest Accrual Period Panel Options
3 Reopen Interest Accrual Periods
4 Reopen Interest Accrual Period Panel Options

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

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. Closes the interest accrual period for all cash accounts for all accounting bases of a specified entity. Bank. Closes the interest accrual period for all cash accounts associated with a specified custodian bank. Cash Account. Closes the interest accrual period for a specified cash account for a custodian.
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

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. Reopens the interest accrual period for all cash accounts for all accounting bases of a specified entity. Bank. Reopens the interest accrual period for all cash accounts associated with a specified custodian bank. Cash Account. Reopens the interest accrual period for a specified cash account for a custodian.
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.