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

  1. Select Update > Reconciliation Summary.
  2. Verify that the appropriate Month and Organization appear.
    Note: If the institution has multiple balancing organizations, then a drop-down menu lets you select a different organization.
  3. Select Setup in the Distribute Interest Income/Expense section to determine which account balances to distribute on the Distribute Setup page.

    Distribute Setup page.

  4. Select Interest Income or Interest Expense to select or clear accounts.
  5. Update the Organization, if needed.
  6. Select Save, if needed.
  7. Select Distribute.
  8. Select Reconciliation Summary to return to the Reconciliation Summary page.
Complete the additional sections on the Reconciliation Summary page as needed.
Parent topic: Reconciliation Summary