TRANSACTION
This is another convenient way to check the computations. The audit staff select a policy and a date and view the transactions that go into and out of each investment account for the day.
CHARGES
To reduce the number of transactions, I have added all the deductions (i.e. cost of insurance, administration and riders) into one item (instead of three to seven items) and used the total to be apportioned to the accounts. This reduces the number of transactions that have to be kept and produces the same result.