Reconciling Distributed Interest Income/Expense
The Distribute Interest Income/Expense section on the Reconciliation Summary page takes interest income or expense from one general ledger account and assigns it to the corresponding balance sheet accounts.
Use this function when you download more balance sheet detail than what the general ledger provides for interest income and expense. The income/expense distributes based on the yield and the system-calculated average:
(Current Month-End Balance + Last Month-End Balance)/2
Complete the additional sections on the
Reconciliation Summary page as needed.