Product Description

The core of the implementation of IBS is its central accounts, designed and developed to consider Commercial and Banking demands, and it has the following benefits:

• Multi-company, multicurrency accounting
• Shared Definitions (chart of accounts, accounts, codes, etc..) by group of companies.
• Multiple chart of accounts (1-Operating, unlimited-informative) available to the issuance of any existing reports.
• Sub-accounts management (codes) (1-Accounting, unlimited-informative).
• Functional (legal), Foreign and translated currency positions.
• Within a consolidation group, journal entry registration to different companies without changing the active company (which is selected upon entry to the system)
• Issuance of reports for ‘unlimited number without the need to change the active company (which is selected upon entry to the system)
• Automatic journal entries generator capable of issuing advices designed by the user.
• Consolidation of companies.
• Accounting by profit center.
• Consolidated income statements by consolidation group and profit center.
• Consolidated budget and budget execution by profit center.
• Controlled booking of journal entries with entry and confirmation phases (Double Checking).
• Controlled registration of transactions with entry and confirmation phases (Double Checking)
• Prospective Drill Down (with hierarchical breakdown from account balances, through code balances, movements, journal entries and receipts to justify the operation)
• Generation of statements, by customer, account officer, type of delivery (Mail, Courier, Fax).
• Automatic generation of exchange differences and conversion results journal entries.
• Interest calculation process for accounts opened by code as a percentage or fixed amount.
• Import of journal entries from other systems based on text files separated by commas or XML.
• Cloning (copying) of accountancies.
• Importing market rates from BCU, Bloomberg or pre-formatted Excel spreadsheet. Control of behavior profiles for accounts opened by Code (Amounts, movements, average balances etc.)..
• Control of behavior profiles for accounts opened by Code (Amounts, movements, average balances etc.)..
• Accountancy close processes (daily, monthly and annual)
• Advices generation from accounts opened by code.
• Reports:
  • Trial balances
  • Balance.
  • Financial position Statement and P&L Statement
  • General Journal
  • General Ledgers (Open by account and code)
  • Codes position by account.
  • Average balances.
  • Multiple statements of account designed by the user.
  • Analysis of balances by fiscal year, Etc.