What is Adjustment Posting?

What is Adjustment Posting used for?

Adjustment Posting is used to increase or decrease monetary amounts within Buckets such as Principal, rather than targeting the total balance directly. By making individual adjustments on bucket balances, the total balance is automatically adjusted accordingly.

Can you create an adjustment to directly target the total balance?

No, you cannot create an adjustment to solely target the total balance. Adjustments are designed to act on individual bucket balances (e.g., Principal) which, in turn, impact the overall total balance.

What should you do if there are discrepancies in more than one bucket balance?

If you encounter discrepancies in multiple bucket balances, you will need to perform separate adjustments for each affected bucket. Each adjustment is specific to a particular bucket and will ensure the accurate correction of balance discrepancies.

How do you enter an Adjustment using Adjustment Posting?

To enter an Adjustment using Adjustment Posting, follow these steps:

1. Go to Transactions- Batches-New
2. Create an Adjustment Batch
3.  Open an account
4.  Click on Post Adjustment

Image Displays Post Adjustment Button

 

What fields need to be filled out when posting an Adjustment?

When posting an Adjustment, you need to complete the following fields in the Post Adjustment section:

1. Transaction Batch- Select the Adjustment batch created 
2. Enter the amount (see the Adjustment Decision Chart below)
3. Enter Transaction Date
4. Select the Operator
5. Select the Bucket
6. Select the type
7. Fill out any other optional fields and click Apply

Repeat for any additional buckets that need adjustments.

What is the purpose of the Adjustment Decision Chart, and how does it guide the entry of monetary values?

The Adjustment Decision Chart provides guidance on how to enter monetary values based on the Operator and desired Balance Behavior. It helps users understand whether to increase or decrease the monetary amount based on the specific Operator and value entered.

Adjustment Decision Chart

Can you provide examples of how to increase or decrease the Principal Assigned Balance using Adjustment Posting?

Certainly, here are some examples:

To increase the Principal Assigned Balance by $100.00: Refer to the provided image for visual guidance.

To decrease the Principal Assigned Balance by $200.00: Consult the image demonstration for step-by-step instructions.