Multi-currency Accounting

Multi-currency accounting is the core component of Macrobank financial software platform. It comprises user definable chart of accounts, in-built fully functional multi-currency general ledger, account management module and account classification facility.

Banking transactions are processed in real time with necessary accounting entries, generated from relevant modules, automatically posted to the general ledger. The system's general ledger supports two types of entries: actual and nominal. Balances are only affected by actual entries whether posted manually or automatically, while nominal are used by the budgeting module for financial projections.

Key Features

• - In-built fully functional multi-currency general ledger
• - Real time transaction processing
• - Real time updating of account balances
• - Transaction reversal capability
• - Back and forward-valued entry processing
• - Multi-currency customer accounts
• - Account statements with drilldown capability
• - Account classification facility
• - Balance sheet and profit & loss reporting
• - Classification-based reporting
• - Consolidation engine
• - Budget monitoring
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