Daily account balance
Daily account balance report
The Daily Account Balance by Partner report provides a daily snapshot of account balances for all master accounts in your organization.
Use this report to reconcile between what you requested from the Cross River Operating System (COS) and what COS actually processed and settled.
Report in detail
The table below shows the different columns included in the report together with descriptions and explanations of the information they represent.
Column | Description |
|---|---|
Account_Number | The master account number |
Account_Title | Descriptive title or name of the account |
Account_Type | Type of account:
|
Date_Account_Opened | The date the account was originally opened in COS |
Available_Balance | The current balance minus any holds or pending transactions |
Current_Balance | The actual settled balance of the account after all posted transactions}} |
Understand current and available balance
The report includes two different balance values for each account. They are slightly different.
Current balance
The current balance (also called ledger balance) represents the actual settled balance of the account after all posted transactions. This is the authoritative balance that includes all hard posted transactions that have completed the settlement process.
Available balance
The available balance represents funds that are immediately accessible for transactions. It is calculated as:
Current Balance - Holds - Pending Authorizations +/- Memo Posts
The difference between current balance and available balance represents:
- Funds on hold (reducing available balance)
- Temporary memo post adjustments
- Pending transactions not yet settled