Process Miscellaneous Income/Expense

Eagle's Accounting solution allows you to post miscellaneous income or expenses at a security level (Asset Specific) or simply against a currency.

Posting with the Miscellaneous Income/Expense Asset Specific options stores the open income receivable/payable at the security level when the data is pushed to the Eagle data warehouse. This is done so it can be reflected at the security level for performance purposes. The cash balance in the Eagle data warehouse does not reflect this cash until it has been physically settled via the contract cash rule or from a manual settlement.

If a cash adjustment is required that does not impact a specific security, Eagle recommends that you use the Add Misc. Income - Position Level panel or Add Misc. Expense - Position Level panel and post the transaction against a specific currency. If a cash adjustment affects specific lots, you can use the Asset Specific panels to post miscellaneous income or expense to an open or close lot. Or, you can allocate miscellaneous income/expense across lots.

Content on this page:

To post miscellaneous income or miscellaneous expense:

In Accounting Center, in the left navigation pane, click Transactions > Cash > Misc. Income & Expense.
You see several panels that begin with Add Misc. related to viewing and maintaining miscellaneous income and expense.
Click one of the following options to access the panel:
–  Add Misc. Expense - Position Level
–  Add Misc Expense - Asset Specific
–  Add Misc Income - Position Level
–  Add Misc Income - Asset Specific
You see the selected panel.
Complete the options on the panel.
Click Submit.

Example - Post a Miscellaneous Expense

Each Income or Expense panel requires you to enter the Entity ID, Income/Expense Date, Settlement Date, Currency Code, Rec/Pay Event Type (set up during implementation based on your requirements), and Local Amount field values. If you select an Asset Specific panel, you are required to enter a Security Identifier field value.

As with cash contributions/withdrawals, you can also set up the Settle Trade Indicator field during income/expense entry to auto settle, that is, not only to set up the receivable or payable cash activity, but to process the cash settlement as well.

The following example shows data you enter in the Add Misc. Expense - Position Level panel.

The usage of the Rec/Pay Event Name field is for classification purposes only. The cash effect of the sample processed expense is properly displayed in the Cash Journal report.

Example - Post a Miscellaneous Income Asset Specific Entry

When you post a Miscellaneous Income/Expense - Asset Specific entry, you need to enter a specific security identifier into the panel.

The following example shows data you enter in the Add Misc. Income - Asset Specific panel.

You are also required to enter the transaction units in the Units field. This field has no accounting usage, but can be used for reporting.

The Cash Journal report displays the issue name of the selected security for the asset specific income activity.