YTD (LTD) Data Load Approach

Summary

Does FCCS allow us to load YTD (LTD) data and still leverage movement correctly?

Content

Our client is hesitant to switch from YTD (life to date) balance sheet balances to periodic. They rely on loading YTD (life to date) as a control to catch issues where a ledger was opened and an adjustment was snuck into a prior year (i.e. their minority interest entity). Loading periodic data won't catch this risk if it was in a prior year. The client is transitioning from HFM so they are used to this type of load. We understand the tool is a periodic based tool but the client does not want to load periodic data.