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 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