Accounting for your investment portfolio can be demanding. You need to book journal entries, prepare financial reports and disclosures, reconcile activity and statements, field questions from auditors and stakeholders, assemble board packages, and keep up with the changing accounting regulations. But would it be great if you can streamline all these processes, and increase your precision and accuracy at the same time? With investment accounting software, you most certainly can.
Investment accounting software is accurate, powerful, precise and robust – and it is updated on a daily basis. No other investment accounting software can give you up to the day, audit quality accounting information, regardless of the number of accounts, security types or custody banks that you might have. Below are a few features that the right investment accounting software system can offer you.
Customized general ledger entries. With investment accounting software, you can close your books with unparalleled accuracy and speed. Journal entries can be configured to match your specific chart of accounts and GL codes, which facilitates automatic entry into your general ledger system. Also, all the detailed data is available any time you need it to aid in the reconciliation and audit of your entries.
Complete financial statement disclosures. Manually preparing multiple investment disclosures for your financial statements is a cumbersome process. With investment accounting software¸ you get a comprehensive set of investment disclosures that are available at the click of a button.
By design, investment accounting software is multi-basis. The system is able to easily handle portfolios of various complexity. Whether you only need single basis accounting, like GAAP or IFRS, or you need to account for a global portfolio with various accounting bases, with investment accounting software, you are completely covered. And what’s more, the system is constantly evolving to incorporate new accounting rules and regulations.