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Big Red Book Accounts v5

The Regulation 22(2) Control Report

In Client Account type companies, the balance on a client’s account as per the Clients Ledger should

represent the amount of money held for that client in one or more client funds bank accounts. Therefore the

total of balances held in all bank accounts should be reconcilable to the total balance for all accounts in the

Clients Ledger.

For example, if the total balance on all bank accounts is €100,000, the total of client’s ledger balances

should be approximately €100,000. The client’s ledger balance for any individual client represents the

“slice” of the €100,000 being held on behalf of that client.

Any variation between bank account balances and clients ledger balances is normally due to bank account

transactions that are not related to a particular client such as bank interest, bank fees and charges etc.

Comparing the bank account balance (e.g. as per the Bank Account Print report) with any of the Clients

Ledger reports which calculate a total balance (Clients Balances Listing, Clients Control report) is one way

of seeing the relationship described above. It can be seen even more clearly if you run the

Reg(22)2

Control Report

This report brings together information from the Clients Ledger and from each Bank Account. It reports the

total client funds held as per the Clients Ledger and the total funds in all bank accounts. Bank account

transactions not associated with a particular client are listed for each bank account.

To produce this report:

1. Click on the Reports option at the top of the screen.

2. Select the Clients Ledger option on the sub-menu.

3. Select the Regulation (22)2 option.

4. Enter the period for which you wish to produce the report.

Click on the

Display

button.

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Red.com V5.1 Guia do Utilizador Página 191