Methods and Systems for Reconciling Profit and Loss

A system for reconciling financial data including profit and loss data, comprising:

• a) identifying an asset for purchase;
• b) identifying an internal source of funding for purchase of the asset;
• c) assigning an internal transfer price to the internal source of funding for the purchase of the asset, wherein the internal transfer price is treated by the system as a cost;
• d) generating a funding estimate that includes the internal transfer price treated as the cost;
• and e) reconciling the financial data including profit and loss associated with the asset purchase using the funding estimate.

A system for reconciling financial data in a front office environment, comprising:

• a. obtaining a first front office data input into a database prior to close of a trading day, wherein the first front office data input comprises at least a first tracked adjustment;
• b. obtaining a second front office data input into a database prior to the close of the trading day, wherein the second front office data input comprises at least a second tracked adjustment;
• c. locking down and signing off the first front office data input and the second front office data input and storing it in the database;
• and
• d. performing a reconciliation between the first front office data input and the second front office data input, wherein the reconciliation includes at least one of the first tracked adjustment and the second tracked adjustment.

A network based system for reconciling financial data to a general ledger, the system comprising:

• a financial data module configured to receive or transmit data from a front office and/or back office concerning a financial transaction or a financial instrument;
• an adjustments module coupled to the financial data module configured to adjust the data received or transmitted from the front office and/or back office;
• a tracking module coupled to the financial data module configured to track adjustments made to the financial data;
• a reconciling module coupled to the data module configured to reconcile financial data from the front office and/or back office;
• and a lock down and signoff module coupled to the financial data module configured to prevent altering of the financial data and allow an authorized user to provide a digital signature to verify the integrity of the financial data at a close of business day.

A computer readable storage medium storing instructions that, when executed by a computer, cause the computer to receive or transmit financial data from a front office and/or back office concerning a financial transaction or a financial instrument;

• adjust the data received or transmitted from the front office and/or back office;
• track adjustments made to the financial data;
• reconcile financial data from the front office and/or back office;
• and prevent altering of the financial data and allow an authorized user to provide a digital signature to verify the integrity of the financial data at a close of business day.