Standard accounts reporting, including trial balances, balance sheet and P&L reports
Journal processing to provide a controlled method of entering non-transactional management accounting entries
Export functionality to corporate general ledger packages
Accounting Standards
The system provides supports for all major financial transaction accounting standards, including FRS4, FAS133 and IAS39.
Hedge portfolios identify links between exposures and hedges. Effectiveness tests can be run on these portfolios and accounting entries automatically generated based on the effective and ineffective values.
Financial Reporting
A full set of standard accounting reports are supplied with the system. These include trail balances, consolidated trial balances, balance sheets and profit and loss statements. Users are able to easily customise these to suit their own particular reporting and corporate imagery.
Journal Processing
Journal input provides a mechanism for management accountants to pass additional entries into the treasury ledger that are not related to any specific transaction, such as internal management expenses that need to be charged to group intercompany accounts.
Journals automatically maintain a proof-total by currency and require balanced credit and debits by entity, value date and currency before they can be accepted into the system. Journals can automatically reverse at a set date to facilitate manual month-end accrual and amortisation entries.
Treasury Ledger
The system contains a fully integrated, multi-currency accounting ledger specifically focused on the requirements of treasury accounting.
Standard accounting for each transaction type is supplied with the software but optionally users can create their own transaction accounting models to address any specific accounting requirements they may have.
All transactions update the ledger automatically as entered.
Multi-entity Accounting
Each financial entity in the system can have its own period end definitions. Period ends can be closed by entity.
Financials reports can be produced for one company, groups of companies or for all companies.
Multi-currency Accounting
Complete accounts are maintained for each currency. All reports can detail both actual currency amounts and entity base currency values.
Financial reports can be for one currency, a group of currencies or all currencies.
General Ledger Exporting
As the system contains its own internal ledger, the process of updating a corporation's general ledger is a simple case of mapping accounts to each other. The system does not need to produce 'transaction reports' that attempt to show the accounting impact of the transaction - all transactions have specifically created a set of accounting entries within the internal ledger that can be checked and verified whenever required.
The internal ledger structure has been designed to facilitate seamless mapping to GL packages such as Oracle Financials, JD Edwards and SAP or consolidation packages such as Hyperion. Each account can also have specific export references stored on it if it needs to override the automatic translation rules.
Accounting exports can be scheduled to run at user-defined intervals. Files can be generated in flexible spreadsheet, CSV or XML formats for direct import into other systems.
Exports can contain either summary balance movement information over the selected period, or the full detail of all entries generated within the internal ledger.
