Eric and I spent a session talking and working on the off balance sheet items or options. We broke things down into 2 main projects. One was the flagging of data. Should I show up in the normal ALE (assets, liabilities, or equity) math portion of the balance sheet or should I show up below the bottom line - aka the off balance sheet items? The second project was dealing with how the math is done and getting into a combo or hybrid type model. This could include automating what we can, and also allowing for possible manual entries and/or adjustments. We went over a bunch of scenarios and talked about pros and cons of each.

On the new settings, we wanted to make it positive - meaning, yes, show up for normal ALE math vs no, don't show up - special below the bottom line or off balance sheet items.

More talks about hybrid BSI items and sub calcs. We talked a lot about outside watchers and feeders and triggers. Those are some deeper topics and things that are on our virtual wish list. Without going too deep, a watcher or feeder could be a known data source or place where data exists. We could then query or sum up some of that data to provide values and info back to a bigger picture. For example: Say sales tax stuff. It is held on thousands and thousands of invoice line items, but if we could sum it up, it would be a great piece for a balance sheet tax liability. there are tons of things like that... We are making progress, but there are tons of pieces that could be automated and mapped but have not yet been.