Creating interest allocations

  1. Select Processing > Allocations > Allocation Control.
  2. On the Actuals tab, open an allocation control record.
  3. On the Allocations tab, click Create.
  4. Specify this information:
    <Custodial Account> Interest Allocation
    Select this check box to allocate interest to custodial accounts based on the average daily account balance. This field is available if Custodial Account Management is enabled.
    <Custodial Account> Average Daily Balance Basis
    Select the average daily balance basis. This is used to determine the custodial account interest allocation. This field is available if <Custodial Account> Interest Allocation is selected.
  5. Complete the form.
    For field definitions, see Creating actuals allocations.
  6. Click the Lines tab to create interest allocation lines.
    See Creating actuals allocation lines.