Use this information to understand the monthly update settings.
The Monthly Update Process page can
have some additional settings for your input:
- Accrual Days
- If institutions prefer to use accrual days instead of actual days to
calculate interest income, then they can input a value to accomplish this
action. This option is turned on with the help of the install or support
team.
- Aggregate Days
- If the institution's extract files do not provide the average
balance, a value entered in this field is used to calculate the average balance
for loan instruments during the monthly update. This option is turned on with
the help of the Install or Support team.
- Clear Month
- If a month must be updated for a second time, then select this
check box to avoid duplicated values.
- Clear Reconciliation Adjustments
- If a month must be updated for a second time, then select this
check box to delete all manual edits from relevant accounts prior to uploading
the new data. This option only affects edits made on the Balance Sheet and Income Statement page.