Beginning Market Value does Match GL Balance for one Fund in Pool
- 07 Apr 2023
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Beginning Market Value does Match GL Balance for one Fund in Pool
- Updated on 07 Apr 2023
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When running the unitization report in FACTS reconciliation it is noted that the beginning market value does not match the ending balance of the previous period in GL for just one fund in the pool.
Steps To Duplicate:
1. Go to FACTS\Reconciliation\Processes
2. Run the Pool Allocation Processing Report
3. Click Allocate in the report to complete the allocations
4. Click Run Unitization Report in the report that opens
5. Note that for one fund the beginning market value does not match what shows in GL for the fund's previous period ending balance.
2. Run the Pool Allocation Processing Report
3. Click Allocate in the report to complete the allocations
4. Click Run Unitization Report in the report that opens
5. Note that for one fund the beginning market value does not match what shows in GL for the fund's previous period ending balance.
Answer:
This was a due to a transaction in FACTS that was not entered correctly.
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