Load custodian positions, prepare the household snapshot and approve the reconciliation.
Portfolio Accountant loads position snapshots for each account and instrument as of the reconciliation date.
Portfolio Accountant records the household, as-of date, custodian reference and market value. The snapshot is Draft.
Portfolio Accountant submits the complete snapshot.
Operations Analyst compares the snapshot with the custodian statement and approves or rejects it, recording the decision date.
Approved snapshots move to Completed once the household's reconciliation is closed.
And how to keep it from happening.
Start free, then use Proto to change fields, steps and approvals before your team goes live.