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 enter 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, then the 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 reprocessed, then select this check box to avoid
duplicated values.
- Clear Reconciliation Adjustments
- If a month must be reprocessed, 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.
- Reset CECL Status
- If a month must be reprocessed, then select this check box to reset the CECL
status if needed. The CECL status is reset automatically whether or not the
check box is selected if there are differences found in the file for any
Account ID and/or Customer/Member
Number.