The RIBS4 central accounting module collects all functions to maintain and control the accounting and audit needs. It allows one to enter accounting entries that are not generated by other Front Office RIBS4 application. The on-line processing gives the revaluation of foreign currency accounts, interest recalculation and General Ledger statements ordering. The on-line inquiry functions give with the multi-level possibility the zooming from an account balance through the account history to the originating Front-Office transaction.

The batch processing handles daily or periodical tasks as closure processing, creating periodical account statements, Year-end processing's, charges and fees calculation, reversal of accruals etc.

Features of RIBS4 general ledger

	It is multi-currency oriented: the original value of foreign currency turnovers remains stored thus enabling balance sheets / P & L statements in any desired currency. This multi-currency feature permits debit / credit equalization control by currency
	It stores all the posted turnovers from all RIBS4 processing modules
	It is user friendly: new branches can be easily opened in the existing general ledger. General ledger accounts are created automatically
	Its accounting structure offers up to six different types of balance sheet, each with multiple consolidation levels
	It permits central bank returns for various countries, inquiries and control reports
	It permits to prepare analyses, such as balance sheet and P & L statements, profit comparison, turnover analyses, etc.
	It permits to revalue balance sheet positions
	It permits to keep a separate bookkeeping for contingent liability accounts