General Ledger, Financial Accounting

Complete Solution for General Ledger and Financial Accounting

TrustBankCBS General Ledger and Financial Accounting (GLFA) Management functionality provides comprehensive control and integration of financial information for BFSI.

GLFA allows for centralized tracking of financial accounting data across multiple products, branches, and currencies.

It is the core component of TrustBankCBS Banking Software, integrating with other functionalities such as Deposits, Loans, Charges, Income, Expenditure, Payroll, and Cash Management.

GLFA offers a central repository of accounting data required for generating Financial Statements (Trial Balance, Profit & Loss, Balance Sheet) and Statutory Compliance Reports.

The data is summarized and presented in a graphical interface within the Business Intelligence Solution, facilitating analysis, planning, and decision support.

The key components of GLFA include:

  • Chart of Accounts Set-up
  • Integration with Income and Expenditure Transactions
  • Asset Management for Capital Assets and Depreciation Details
  • Year-End Closings
  • Cash Management
  • Provisioning for Income, Expenditure, and Loan Losses
  • Integration with Banking Products for Loans and Deposits in Assets and Liabilities
  • Various Transaction Types and Description Codes to identify categories such as Journal Vouchers, Interest Payments, Interest Income, Cash and Transfer-Transactions, Service Charges Invoices, and Tax Codes

The key features enable BFSI to maximize the benefits of ERP Modules:

  • Integration with other TrustBankCBS functionalities and modules
  • Pre-configured scenarios and best industry practices in implementation
  • Configurable and scalable solutions
  • Process automation and comprehensive reporting
  • Uniform platform with seamless integration into TrustBankCBS
  • Availability of reconciliation tools and reporting
  • Maintenance of organization hierarchies, user levels, and access privileges
  • Easy-to-use and simple GUI with a secure solution
  • 24/7 real-time and online availability
  • Branch-wise and consolidated financial statements and reports

The Finance and Accounting department is crucial for every BFSI. GLFA offers unique benefits:

  • Provides a 360-degree view of the entire organization
  • Ensures profitable investments and optimal fund management
  • Ensures timely compliance with statutory regulations and filings
  • Optimizes processes to minimize expenses and promote savings
  • Increases the bank's value
  • Improves wealth and profit margins
  • Creates wealth for members and shareholders

Insights

User Administration and Security

User Administration and Security

Solutions governed by both local and international standards, adhering to Generally Accepted Accounting Principles (GAAP) for financial accounting.

Offshore Banks

Offshore Banks

TrustBankCBS enables BFSI to enhance its conventional banking products and services by adding various offshore banking products.



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Pune Urban Bank

Pune Urban Co-operative Bank (PUCBL) implements TrustBankCBS on a cloud-based Software as a Service (SaaS) platform, focusing on digital banking channels.

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