5. Making MIS adjustments for a Pool

Within a pool, you may sometimes want to allocate the amounts to be reported from one MIS Code to another.

For instance, the Financial Control (FINCON) department in your bank is the one that disburses the salaries for your staff. This department is defined as an MIS Code under the MIS Class Cost Center.

Now, there are other cost centers, such as: loans department, time deposits department, trade financing department and retail banking department.

When the salary is disbursed by the FINCON department every month, a debit entry shown for the MIS Code FINCON. The burden of this debit entry should be shared appropriately by the various departments to which the staff of your bank belong.

This distribution of the salary amount is done through the MIS adjustments screen.

Thus, MIS adjustments can be done between two MIS Codes, which belong to the same pool, and MIS Class.

This chapter contains the following section:

• Section 5.1, "MIS Adjustment Maintenance"

5.1 MIS Adjustment Maintenance

This section contains the following topics:

• Section 5.1.1, "Invoking the MIS Adjustments Screen"
• Section 5.1.2, "Operations on the MIS Adjustments Screen"

5.1.1 Invoking the MIS Adjustments Screen

You can invoke the ‘MIS Adjustment Maintenance’ screen by typing ‘MIDADJ’ in the field at the top right corner of the Application tool bar and clicking on the adjoining arrow button.

Select ‘New’ from the Actions Menu in the Application toolbar or click new icon to input the details of an adjustment. The ‘MIS Adjustments’ screen is displayed without any details. You can input the following details of the adjustment.

• Reference Number
• Pool Code
• MIS Class
• MIS Head
• Currency

Adjustment Details and Time Details

You have to specify the following details while doing an adjustment:

• The pool code, MIS Class and MIS Head under which you want to make the adjustment.
• The currency in which the adjustment amount is represented.
• The MIS Code from which the amount should be moved (the debit MIS Code).
• The MIS Code to which the amount should be moved (the credit MIS Code).
• The amount that has to be moved or adjusted.
• The period for which the adjustment should be considered (represented through the month and the year under the ‘Time Details’).

Depending on the type of MIS Head - balance, income, expense, or contingent, the adjusted amount will be reported accordingly, for the appropriate period.

5.1.2 Operations on the MIS Adjustments Screen

Once you input the details of an adjustment, it should be authorized by a user bearing a different Login ID from yours.

Please refer to the manual on common procedures for details of these operations.