General Ledger

General Ledger Solutions

Keeping a detailed log of all your financial processes can be a cumbersome and time-consuming process. An efficient General Ledger system offers a complete solution for all your financial tracking, reporting needs, budgeting demands, plus so much more. At BMA, we are proud to provide you with a comprehensive and robust general ledger platform that fits your company’s needs.

Integrations

BMA’s General Ledger system seamlessly integrates with the rest of the BankRite Touch software, making it easy to integrate with all other applications/products. Integrations allow for automatic entries of: 

  • Expense tracking
  • Income tracking
  • Loan principal balances 
  • Accruing interest 
  • Interest income and expenses 
  • Fee income  
  • Insurance
  • Service charges
  • Call reporting 
  • Participation budgeting
  • Budget entry and maintenance
  • Reconciliation and balancing
  • ….and many other features

With General Ledger, all your processes become easier, more efficient, and accurate.

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What You Can Do With BMA

Transactions

You can easily monitor all incoming and outgoing transactions through BMA’s General Ledger system. You can source these transactions through paper MICR, internally online, incoming / outgoing ACH, automated journal entry, or by uploading a file from another source. If needed, you can also backdate transactions to a previous fiscal period to ensure accurate complete financial reporting.

Budgeting

Budgeting financial resources are vital for every business to run effectively. You can create a single transaction, daily, monthly, quarterly, or even annual budgets to always keep your company’s spending on track. Additionally, the General Ledger system has the added feature of saving budgets from year to year, helping you monitor historical changes.

Reconciliation

Balancing and reconciling financial records need not be stressful. With the BMA General Ledger system, you get a built-in report reconciliation feature that keeps you informed of all balanced and unbalanced accounts in your system.

Reporting

It is critical that management always understand the financial status of their company. With the General Ledger reporting system, you get custom, comprehensive reports that can be reviewed at any time by teams, management, and board members. There are literally hundreds of financial reports,  such as: 

  • Daily transaction journals
  • Detailed trial balances
  • Financial statements 
  • Assets and liability
  • Key ratios
  • Monthly average balance
  • Comparative financials
  • Budget financials
  • Gap analysis
  • Transaction summary 
  • Call reports
  • Asset liability

All your reports are automatically archived once they are run. This allows you to review electronically or print them as needed. They are on demand in an inclusive integrated environment.

Training

The General Ledger system has a built-in training program available for all users. Through the BankRite Touch Help Desk, users can access a variety of online training courses, including detailed procedures for the assessment, use, and creation of reports. Additionally, individual online training is available through your BMA Account Executive.  

Building confidence in your accounting skills is easy with BMA’s General Leger system. As a company, you can choose who has security access to access the general ledger technology in a safe, secured, and backed-up environment.