Client Need:
Keeping track of cash transactions such as dividends, interest, bank fees etc. Also ensure P&L and the NAV of the fund are instantly updated after every transaction.
FMO Solution:
FMO provides clients with the following tools to meet their transaction processing needs using double entry accounting on either a cash or accruals basis:
- Ability to define a custom chart of accounts per fund to which transactions can be posted to
- Journal Template Builder
- Manual Journal Entry
- Import Bulk Transaction File to enter thousands of journals into FMO at once
- Dividend/Interest Processing
