14.10 Initial Instrument-Grain Accounting Balance for Management Ledger

Initial balance for Management Ledger can be ingested through a data file and automated processes thereafter. The Initial balance figures should be provided with the General Ledger and the Customer Account Identification, alongside other relevant segment values as relevant to the General Ledger Chart of Accounts.

Initial balance information should be rendered through Accounting Entries Staging entity as follows:

• Balance against Asset, Expense and Contra-Liability GL account types should be flagged as DR journal lines.
• Balance against Liability, Revenue, Equity and Contra-Asset should be flagged as CR journal lines

  Note:

  1. Balance information should be provided designated in Entered and Functional currencies.
  2. Balance information should be provided through the Process Pipeline Day Zero Balance Computation provided with the service.
  3. Initial balance information should only be ingested once.
  4. Initial balance information so provided is limited to day balance - balance As of Date specified as process-pipeline above is executed. Period to Date and Period to Date Average Balance figures cannot be provided as part of the initial balance information.