How to Transfer Market Value from one Pool to a New or Existing Pool
- 20 Jan 2023
- Contributors
- Print
- DarkLight
- PDF
How to Transfer Market Value from one Pool to a New or Existing Pool
- Updated on 20 Jan 2023
- Contributors
- Print
- DarkLight
- PDF
Article summary
Did you find this summary helpful?
Thank you for your feedback
I am only tracking market value in my pool and want to move those values to a new pool, how can I do that?
Answer:
This process assumes that you are not tracking book and market values separately in General Ledger.
1. Allocate earnings, gains and losses for the month in which you transferred the total amount to a new or existing pool.
2. Use allocation and entries to move 100% of the value in the natural account for the old pool to the natural account of the new/existing pool. The GL apply date and the FACTS confirm date can be the date that the actual transfer took place.
1. Allocate earnings, gains and losses for the month in which you transferred the total amount to a new or existing pool.
2. Use allocation and entries to move 100% of the value in the natural account for the old pool to the natural account of the new/existing pool. The GL apply date and the FACTS confirm date can be the date that the actual transfer took place.
Was this article helpful?
