Monthly Update Settings

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.