Check the allocation behind the pooled balance
A pooled total can agree while two beneficiary allocations are wrong in opposite directions. Client-money operations therefore need both a total comparison and a route into the underlying allocation detail. Define the account population, currency and evidence required for each comparison before deciding that a balanced total is enough. Agree with finance and legal owners which client-money records sit outside the firm’s own balance sheet and how they are presented alongside its own positions. Reflect that agreed treatment in the account map.
The Ledger Rocket approach
Ledger Rocket accounts carry distinct owner and custodian roles. Configured accounts can represent allocation, clearing and control positions, with reconciliation comparing the selected supplied records. Build the beneficiary mapping and comparison steps around your client-money process and the legal arrangements that govern it.
Work through these cases
- Trace one beneficiary allocation to the relevant control and bank records.
- Include an allocation error that leaves the pooled total unchanged.
- Compare all three record sets at the same cutoff, including any outstanding source evidence.
Discuss your flow
Bring one pooled account and its beneficiary detail. Use an ordinary timing difference and an offsetting allocation error to test how the team reaches an explanation.
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