4.10.1.2 Reconciliation Balance

Management Ledger stores balance using Financial Elements, while corresponding Cur/Avg Balance can be picked directly from the dedicated columns in the Instrument Tables. So, you have an option to choose if you want to reconcile against 100 (ending balance)/140 (average balance). In the Management Ledger for FE 100, you can further select between CUR_BOOK_BAL/CUR_PAR_BAL from Instrument table. By Default, CUR_PAR_BAL would remain selected. You are allowed to create plug entries only when comparison is done against ending balance. For Average balance, you can only see the difference report but would not be allowed to create plug entries.

You can choose to reconcile in functional or local currency as per the selection made under ‘Reconcile Against’; Functional or Entered Currency.

You can do the comparison only for Asset, Liability, or can include Ledger Instrument table also. At run time, the As-of-Date can be passed for which Balance Reconciliation will be performed.