Copying from prior periods or between nominal codes

Guidance:

This is a really cool function that saves a huge amount of time and frustration from having to re-key information.

Step-by-Step:

The help guide from Silverfin on how to do this is here however this facility can also be used to copy data between nominal codes (e.g. when using flip codes), here's how.

On most reconciliation templates there will be a 'Comparative reconciliation' section at the bottom which will default to show the same nominal code data from the previous period to give you a quick comparison.  The 'Actions' button next to Comparative reconciliation' has a couple of great features 

• Copy Template Data - use this option to copy data from the 'Comparative reconciliation' section to the current reconciliation.  This can then be updated as necessary
• Change comparative account - this option allows you to show the reconciliation data from another nominal code, changing the period as well allows you to see any reconciliation data from any period

Using these two options you can copy reconciliation data between nominal codes in the current period.  This is useful where reconciliations have been completed and then by using flip codes the balance has moved from a credit to debit removing the need to re-enter the reconciliation data or if the prior period was a debit and current year credit (and as such different nominal codes is Silverfin) the reconciliation data can be copied.

A good example of this might be with a Director Loan Account, when a balance may flip from an asset to a liability upon the processing of dividends late in the accounts preparation process. Instead of having to recreate the transaction schedule, you can just copy from the asset code, into the liability code.