12 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.

The following GL Type Attributes are supported in the Balance Computation Engine Management Ledger.

Table 12-1 GL Type Attribute Code and their Names

GL Type Attribute Codes	Name
AST	Asset
CONAS	Contra-Asset
CONLI	Contra-Liability
EXP	Expense
GNS	Gain
LIAB	Liability
LOS	Loss
OWNEQ	Owner’s Equity
REV	Revenue

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

• Initial balance can be ingested into BCE as journals.
• 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.
• Initial balance should be provided with GL and customer account identification.
• Other Ledger Account Types:
  • Balance against Unrealised Gain should be ingested as CR journals.
  • Balance against Unrealised Loss should be ingested as DR journals.
• In all the cases, balance figures are computed by adding prior balance and movement, where movement is net of debit and credit.

  Note:

  1. Balance information should be provided designated in Entered and Functional currencies.
  2. Initial balance information should only be ingested once.
  3. 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.