This step could be done alone or combined with the Record Investment Earnings task. When the amortization should reoccur on a regular basis for a consistent amount, the Future Transaction Triggering functionality can be used so that the application will do the amortization automatically.
To complete a Pool Fund Investment Earnings transaction for amortizing accrued interest receivable, perform these steps:
Complete the Header tab just as with the Record Investment Earnings task.
Complete the Accounting tab just as with the Record Investment Earnings task with the following differences:
Enter the amount of accrued interest receivable being amortized in the Accrued Interest Receivable Amount field.
Let the following dates default to the current date: Collect Date, From Date, and To Date.
Leave the Bank field to default.
Take the Validate action to infer information while also validating for errors.
Take the Submit action to submit the transaction.