In this article, you will learn about the Balance Reconciliation screen including:

• Overview
• Using filters to search for investments
• Viewing balance data

Overview

This screen compares the holding balance of investments in Class to the feed and registry balance at any date. It also provides the ability to drilldown into individual holding balances to compare the holding balance with data feed and share registry if these have been connected as well as the ownership details.

Using filters to search for investments

Navigate to Fund Level > Investments > Balance Reconciliation

There are six different filters to chose from, not all need to be completed. 

1. As At Date - Select the date you wish to review the balances for. The default date is the last day of the previous month.
2. Holding Account - This is the name of the holding. If the entity holds more than one holding of the same investments e.g. two BHP, the holding name will be unique for both holdings. 
3. Security Account - This is the name of the Security which comes from the Class community. If the entity holds more than one holding of the same investments e.g. two BHP, the security name will be the same for both securities.
4. Fund Holding Reference - This is the data feed that has been set up. Select the broker or wrap account if you want to see the reconciliation for all investments linked to that holding reference. 
5. Include Balanced Accounts - Selecting 'yes' shows all investments for the criteria (balanced and unbalanced). Selecting 'no' shows only the investments where the ledger and feed balance are different.
6. Include Accounts with No Balanced Records - Selecting 'yes' will show investments that do not have a feeds balance. Selecting 'no' only shows investments with a ledger and feed balance. 
7. Search - Click Search to execute a new search

Viewing balance data

Once the Search button is selected, results will be shown on the page with the following data points:

1. Ledger Balance - This is the sum of all events recorded in Class against the holding account.
2. Feed Balance - This is the unit balance received if the Holding is connected to a data feed.
3. Share Registry Balance- This is the unit balance received if the Holding is connected to a Share Registry.

End of month Share Registry Balances will be available from the 2nd day of the following month.

The screen will also calculate and display any differences between the Ledger Balance and any Feed or Registry Balance for the As At Date, so that any reconciliation issues will be visible.

You are also able to Export the information as an Excel if you would like 

If you change the filters and want to update the results in the table remember to click search each time. 

What's Next?

We will teach you about the different functionality available in the Browse Investments screen.