Reconciliation accounts

The modular solution for the reconciliation of fiduciary accounts

The reconciliation of real accounts as well as fiduciary accounts and trustee deposit facilities is essentially simplified by the use of DIAMOS reconciliation accounting. At the same time, the module supports the reliable calculation and control of movements, payments, and collective orders generated in the core system.

Benefit from these advantages:

Basic principle

• By assigning open items to accounts, it is possible to view the balances of these accounts.
• Items can be grouped via the generation of postings.
• Accounts can be reconciled using clearings (automated and manual).

Accrual between the core accounting system DIAMOS reconciliation accounting and interfaces

• DIAMOS-ABU cooperates with the core booking system via automatic services that generate the open items using a set of rules on a chart of accounts (e.g. settled movements of a specific fund).
• Other import services create offsetting items based on bank postings (e.g. statement of the clearing bank account).

Interfaces/document categories/posting rules/chart of accounts

• Amounts can be posted per amount category and origin via interfaces as DEBIT and CREDIT items. The interface provides information on the origin of the data record from DIAMOS-D (e.g. settlement, movements, earnings statements, collective orders).
• The associated document categories define the business transaction according to the possibilities for the generated data record, taking into account eight possible currency constellations from settlement currency to fund currency and order currency.
• From the posting rules for the document category, the actual “items” are generated on the respective ABU accounts in the SHOULD or HAVE.
• An individual chart of accounts can be created to manage the respective amounts. The accounts contained here can be stored in the posting rules for the respective document categories or interfaces. Because of the complexity of the rules and regulations, DIAMOS provides a standard chart of accounts with sample rules and regulations – also for the settlement of foreign currency accounts. However, the chart of accounts as well as the associated posting rules from document categories can also be replaced or adapted by the user at any time.
• Display of the balance of an account via the “open items” by means of automatic and manual clearing
• Create payments via accounts and posting rules from reconciliation accounting items