Grouped accounts balance correction calculation

The current forecast balance is corrected to match the current actual balance. You can find out more about balance correction events in the article:  Balance correction events on the calendar.

Grouping accounts can make this forecast balance correction a little more difficult depending on the scenarios and accounts within the grouped account.

Grouped accounts with matching accounts and scenarios

If you have just grouped accounts that haven't changed the scenarios within the grouped account, then each of your accounts will have a scenario with a matching name within the group. 

For example, if you have grouped two accounts called Transaction account and Savings account. Then within the grouped account, you will have an account and a scenario called Transaction account and an account and scenario called Savings account.

For this type of grouped account, the current balance of each account within will add a balance correction to the scenario of the same name.

So as in the above example:

  • If the current balance of the Transaction account was $500, then the current forecast balance on the Transaction account scenario would be corrected to $500
  • If the current balance of the Savings account was $1000, then the current forecast balance on the Savings account scenario would be corrected to $1000

Grouped accounts that have an account that doesn't match a name of a scenario

If you have changed the scenarios within the group, such that you now have accounts that don't have a matching scenario with the same name, the balance correction for this account will be applied to the primary scenario of the grouped account.

For example, if you grouped three accounts called Transaction account, Savings account and Investment account with the Transaction account being the primary account. Each account would have a matching scenario with the same name within the grouped account. If you then deleted the Investment account scenario, there would no longer be a matching scenario for the Investment account.

In this example if,

  • the current balance of the Transaction account is $500
  • the current balance of the Savings account was $1000
  • the current balance of the Investment account was $100

Then,

  • the current forecast balance of the Savings account scenario would be corrected to $1000
  • the current forecast balance of the Transaction account scenario would be corrected to $600 ($500 + $100)

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