Stockbroking & Portfolio Mgt

The general ledger module serves as the core for all the financial modules in the SYMBOLS system. All other financial modules are designed to accurately report their current financial status on a daily basis to the General Ledger system through the automatic generation of transactions. It represent a consolidated position of all the bank and customer accounts within the CORPBANK system.

The module able to handle any currency defined by the user allows revaluation of accounts in these currencies to the local currency based on defined exchange rates. The system also operates multiple financial periods simultaneously until these periods are closed.

The general ledger also produces a wide range of management reports which can be user defined and customised to provide the exact reports that bank managements need to make informed decisions.

Features include...

• User defined chart of accounts
• Double entry journal posting
• Automatic accruals and prepayments processing
• Full multi-currency operation
• Foreign currency ledger revaluation at user defined rates
• Automatic year end entries generation
• User defined financial reports (Profit And Loss, Balance Sheet etc)
• Multiple open financial periods
• Period adjustment entries
• Seamless interface to all other modules
• Accurate reporting of status of accounts in other modules
• Batch loading of bulk transactions from ASCII text files