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Highlights

TIBS General Ledger

TIBS General Ledger is multi-company, multi-currency and multi-ledger generic general ledger system that is the cornerstone of the TIBS suite or products.

  • Flexible financial and management reporting
  • Online account balance enquiry
  • Real-time and historical account transaction enquiry
  • Standard voucher template
  • Recurring voucher
  • Foreign exchange revaluation
  • Multi-company ledgers consolidation
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Multiple company, multiple ledgers

TIBS General Ledger allows bank users to create unlimited* number of companies and set up complicated relationship between each company. A company can be set up with multiple ledgers for different reporting purposes, such as different accounting entries of a particular transaction can be posted to different ledgers simultaneously.

During each period-end process, TIBS General Ledger invokes the company consolidation process that will combine the financial results of separate subsidiaries with the parent company to form one single combined statement of financial results. Bank users are able to define the accounts mapping rules among the related companies.

(* Feature available with appropriate licenses)

Dynamic account code structure

Advantages:
  • Simple and clear
  • Reduction in set up time
  • Account code is dynamically formed according to pre-defined structure and attributes
TIBS General Ledger can be fitted to any existing accounting structure. Bank users can set up the structure to their liking by, for example, grouping transactions according to cost centre, profit centre, region, product types, and even user-defined attributes.

TIBS General Ledger account code is composed of three segments: account type, common attributes and specific attributes. The account type segment defines the account nature. The common attributes and the specific attributes define the different level of groupings and subgroupings of the account code structure. Common attributes, which may be cost centres, profit centres, branch codes, or department codes, etc., are defined in the chart of account set up. Specific attributes will vary from one account type to the others, and these attributes further break down the account types into different levels of sub-types. TIBS General Ledger allows bank users to define up to ten common and specific attributes.

With TIBS General Ledger's dynamic account structure, management will easily obtain the company performance information and make a timely decision in the fast changing world.

TIBS General Ledger Dynamic Account Structure:

The account type "CLC11" represents "Loan - Resident". The common attributes are branch code and department code. There are a number of specific attributes such as product type, product sub-type, interest rate code and customer type.

The representation of the account code structure is: Account Type - Branch Code - Department Code - Product Type - Product Sub-type- Interest Rate Code - Customer Type.

Flexible account code structure without compromising control

Control can be set to prohibit unauthorized input of accounting entries on different levels of the account code structure. For example, to prohibit Branch A to process Tax Loan product, bank user can simply disable the "Tax Loan" product code for Branch A.

Simply adding mapping code for new products

There is no need to create new account codes or modify existing posting rules whenever new retail or loans products are launched. Bank users simply has to add a mapping code for the new product and TIBS General Ledger will automatically capture the associated transaction, placing it into the right account code for posting.

New module integration with posting rules

TIBS General Ledger provides a easy and efficient way for bank users to set up posting rules, whenever a new module or system is interfaced with TIBS General Ledger, without the need for specialized IT personnel and costly development and testing cycles. GL entries are generated, once set up, for each successful transaction done and posted to the appropriate GL accounts.

Account transaction enquiry

Both real time and historical transaction can be queried online in TIBS General Ledger. Reconciling subledger/ledger with TIBS General Ledger and other modules requires minimal effort.

Online account balance enquiry

TIBS General Ledger provides account balance enquiry that reflects the up-to-the-minute position of the general ledger. The enquiry view can be customized to different dimensions for analytical purpose.

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