Accurate ownership of cash across
multiple funds. Track entries of interest.
The General Ledger Interest Allocation module eliminates the need
to use a separate spreadsheet to track interest allocations and manually enter
interest allocation journal entries. Run Interest Allocation to review each account
balance that has been selected for interest allocations, create allocations for
the selected funds, and post the appropriate amount to each fund.
FEATURES
Types of Interest Allocations
Average Daily Balance
Monthly Ending Balance
Monthly Beginning Balance
Fixed Amounts (Pre-set Fixed Ratios)
Setup multiple allocations
Improves efficiency
One time setup
Print interest allocation reports for review
Allocate interest amount
Allocates automatically
Users can enter the allocation amount if the allocation is not targeted to
a specific account
General Ledger Interface
Built into General Ledger program
Eliminates need to launch/use a separate spreadsheet program
Eliminates additional journal entries
Maintains consistent formulas
Removes the need to reload monthly rates and budgeting a set ratio per month
