Fund Accounting covers all back office operations and accounting from trade settlements, holding maintenance, income and corporate actions accruals, fees accruals, and valuations to performance measurement. These are all attributes of the rhymeSIGHT software functionality.
The rhymeSIGHT Fund Accounting module allows transactions from other rhymeSIGHT modules such as Cash, Dividends, Trading, Corporate Actions and Management Fees to be posted automatically to a double entry ledger for each fund. The resulting trial balance can then be printed or enquired upon for each account and also to view a drill down facility for individual transactions within the account.
Funds can be grouped to show a consolidated trial balance across all funds. A different accounting period and year end date is also allowed for each fund. Furthermore it is possible to post manual journals or transactions to the Fund Accounting ledger when needed.
Trial balance reports that display the balances and the currencies for specific ledgers and accounts linked to the ledgers are available. There is a transaction listing report and enquiry, giving details of all transactions posted to the ledgers within rhymeSIGHT Fund Accounting.