Equalization Summary Report

Owned by Copy Page Tree (Unlicensed)
Last updated: Oct 13, 2023 by Nancy Cohn (Deactivated)
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. In Accounting Center, in the left navigation pane, click Reports > Fund Accounting Reports > Mutual Fund - Distribution > Equalization Summary Report. 
    You see the Equalization Summary Report panel.

  2. Complete the options on the Equalization Summary Report panel.

  3. Under Result Options, click Grid or Advanced Report for the report view you want.

  4. Click Submit.
    The report appears on your desktop for the view selected.

Equalization Summary Report Panel Options

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

Option

Description

Option

Description

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 

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