FreeBalance® Accountability Suite
FreeBalance Treasury
The FreeBalance Treasury module manages cash, investments, debt and banking. FreeBalance Treasury harmonizes treasury operations across all levels of government and mitigates fiscal risk.
FreeBalance Treasury Highlights
- Bank Integration - supports Treasury Single Account (TSA) with details of virtual accounts or multiple bank accounts, provides facility to create and close bank accounts, foreign exchange management and bank accounts in foreign currencies.
- Bank Reconciliation - provides manual or automatic bank reconciliation, accepts banking information for deposits, issued cheques and adjustments, reports suspected out of balance transactions.
- Cash Management - supports of multi-fund accounting and cash requirements forecasts and reporting.
- Debt Management - provides integration with standard debt management software and secure encrypted reporting to donors.
The FreeBalance Treasury module is tightly integrated with FreeBalance Financials. The Treasury module can be added during any stage of the IFMIS implementation process.
Supported Standards
The World Bank Treasury Reference Model (TRM), the IMF Code of Good Practices on Fiscal Transparency, United Nations Common Functions of Government (COFOG), IMF Government Finance Statistics (GFS), International Federation of Accountants International Public Sector Accounting Standards Board International Public Sector Accounting Standards (IPSASs), Medium Term Expenditure Frameworks (MTEF), and Generally Accepted Accounting Principles (GAAP).
|
