Allocation Calculation by Quarter - FE

Could we have an option in the allocation tool to calculate based on average quarterly balance? This would be so much more helpful than average daily balance. Thanks

  • Stacy Robinson
  • Nov 12 2020
  • Future consideration
Allocations
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  • Stacy Robinson commented
    December 01, 2020 15:57

    Yes, this is exactly what I'm looking for! Thanks

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  • Admin
    Eddie Barker commented
    December 01, 2020 15:41

    Hi Stacy,

    Is this what you mean?

    Balance as of 3/31/2020: 15,000.00

    Balance as of 06/30/2020: 22,500.00

    Balance as of 9/30/2020: 10,000.00

    Average quarter balance: 15,833.34 (Q1 + Q2 + Q3 = total then total divided by 3)

    I ask because I've gotten some different responses on the math. Shoot me back a reply when you get a chance. Thanks!

    Eddie Barker

    Financial Edge NXT Product Management

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