10.1.6 Financial Element

Used only in the Management Ledger, Financial Element classifies your data in a fashion not typically found in most General Ledgers. When you initially load your Financial Accounting data from your General Ledger, Financial Elements distinguishes between the following:

• Ending monthly balances (FE 100)
• Average monthly balances (FE 140)
• Interest Income or Expense (FE 420)
• Non-Interest Income (FE 455)
• Non-Interest Expense (FE 457)