SYNDi Investment Ledger helps in situations where you attempt to maintain the investment history of stocks and bonds in General Ledger.
Typically a G/L account is set up for each security and is often extended to the investor level through sub-accounts for tracking purpose. The result is that the chart of accounts soars to an unmanageable level. SYNDi Investment Ledger solves the problem by maintaining individual transactions while passing a simple journal entry to General Ledger. The application is equally suitable for the individual investor as well as for a financial management company maintaining the accounts of individual investors. With SYNDi Investment Ledger you may set up just one or two asset accounts for investments and maintain all history within the sub-ledger, thus keeping your General Ledger clean and streamlined.
If you operate as a financial service bureau, managing portfolios of your clients and working with various brokers or money managers, you can use the software to maintain the history of all transactions related to the purchase and sale of investments. If you are using the software to manage your own portfolio, you may set yourself up as a single investor and operate with the same ease.
The main features of SYNDi Investment Ledger are its simplicity, ease of use and minimal training requirements. The statement from your broker (money manager) forms the basis for input into the system and maintains the record of each financial instrument from the time it enters the portfolio until its disposal.
With SYNDi Investment Ledger you can perform instant valuation of your portfolio by downloading current market value from Internet and comparing it with your holding.
Features of the Software:
- Allows foreign currency transactions
- Downloads current market value from Internet
- Processes dividends and stock split
- Prepares journal entry to be imported into Sage ACCPAC ERP
- Maintains records for multiple investors
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