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    Balances Tab (FACTS Accounts)
    • 19 Jul 2023
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    Balances Tab (FACTS Accounts)

    • Updated on 19 Jul 2023
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    Article summary

     

    You are here: Fund and Account Tracking System (FACTS) > Parts of the Screen – FACTS > Accounts Supertab (FACTS) > Balances Tab (FACTS Accounts)

    Balances Tab (FACTS Accounts)

    The Balances tab allows you to view the balance history for the selected Investment Account. The history is presented as a reverse chronological list of ending Investment Account balances for each Cycle.

    NOTE: This tab is almost identical to the Balances Tab for Pools except that it displays balances for each Investment Account instead of the Pool as a whole.

    Balances Tab

     

    Balances Tab Fields

    Field

    Description

    Cycle

    A reference number that identifies the reconciliation and allocation Cycle for the Pool that the Investment Account is associated with.

    Ending Book Value

    If you are tracking the book value of investments, this field displays the ending book value of the selected Investment Account for the selected Cycle.

    NOTE: Most organizations do not track Book values in FACTS. Refer to Tracking the Book Value of Investments for more information.

    Ending Market Value

    If you are tracking the market value of investments, this field displays the ending market value of the Investment Account for the selected Cycle.

    NOTE: This is the type of balance that most organizations track in FACTS.

    Ending Income Balance

    If you are tracking income in FACTS, this field displays the ending income balance for the selected Cycle.

    NOTE: Most organizations do not track Income balances in FACTS.

    NOTE: There is an important functional distinction between the FACTS Income Balance and the Principal (Market) Balance. The Income Balance has no effect on the units that are held by each Fund or the allocation. This does not mean that changes (for example, earnings and fees) on income are not allocated, but that the allocations are based on the units (Market Value).

    End Date

    The date when the selected Cycle ended.

    Reconciled

    Indicates whether the selected Cycle has been reconciled (yes or no).

    Last Reconciled

    The date when the Investment Account was last reconciled.

     

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