The General Accounting application han­dles all the input and automatically gen­e­ra­ted GA transactions in CMStrade and pro­du­ces the related management and audit reports.

The GA application is based on classical ac­coun­ting principles and mo­dern in­ter­na­tio­nal standards.

It is not a 3rd party software but made by CMS as an integral part of its product.

This permits a very productive co­ha­bi­ta­tion with the other CMStrade ap­pli­ca­tions, which is crucial because in trading, the con­trol and flow of data is actually 2-way with the other applications.

The essential aim of general accounting is hence realised: to be a measure of the health of the whole business.

CMS thus records in the GA - and retains trace-back to the origins - all the fi­nan­ci­al ac­tivity of all the applications.

This coherence and audit-ability of your business data eases compliance with increasingly exigent regulations.

Furthermore, as the CMStrade Accounts Receivable/Payable and Cost Accounting are full integrated applications too, their needs and mechanisms rightly do not en­cum­ber the GA.

Thus, while the CMS accoun­ting ap­pli­ca­tions together comply with the re­quire­ment for coherence and completeness, the GA - and the other spplications - is optimised for its own needs and stays elegantly simple to maintain and use.

● Compatible with international accounting standards.

● Multi currency accounting: transaction, functional, local, reporting currency basis.

● Custom chart of accounts (none imposed).

● Subaccounts per commodity or 3rd-party or employee or other.

● Multiple account re-arrangements in­de­pen­dent of any account codification.

● Multi currency accounts.

● Accounts in historical or current rate for re­cor­ding non-transaction currencies.

● Centralisation accounts reserved for auxiliary ac­coun­ting.

● Blocking an account for further postings.

● Multi language definitions for accounts and account groups.

● Relation to functional currency handled automatically per user specification.

● Full validation of vouchers before posting.

● Multiple debits and credits per voucher.

● Multi currency vouchers.

● Supply relevant costs and revenues to cost accounting application.

● Absolute and relative booking period limits.

● Currency revaluation: simulation and pos­ting, periodic and ad hoc.

● Annual closing: simulation and execution, possibility to annul and redo.

● Delayed annual closing allowing upto 2 years in parallel.

● Multi year data retention of account details.

● Currency conversion in reports using ac­cou­n­ting or ad hoc rates.

● Balances and details, i.e. movements, for any period, starting-ending any day.

● Anterior (previous fiscal years) balances and details, for any period, starting-ending any day.

● Any number of different sets of groups and sub­groups of accounts, for use in reports, e.g., trial balance, P&L.

● Use accounts as collateral in other re­le­vant applications.

● Analysis by commodity or client/­supplier.

● Do company-related employee operations.

● Straight multi company merge of account balances.

● Multi company, multi level consolidation.

● Consolidation and GA structures can differ.

● Provision for consolidation adjustments and eliminations.

● Consolidation in functional/other currency.

● Flexible pre-consolidation.

● Consolidations can be partially ex­e­cu­ted for simulation and correction.

● Dynamic con­so­li­da­tion groupings.

For information on Operations, Output

and Transactions, please see Data.