Multi-ledger facility provides complete GAAP & IFRS reporting

Mondial supports statutory reallocation postings for different regulatory needs, with the capability for all group P&L’s, Balance Sheets and Cash Flow statements to be run in any IFRS, GAAP or tax authority format required.

“IF IF YOU LOVE SAP BUSINESS ONE, PLEX, NETSUITE, SAGE, QUICKBOOKS, ACUMATICA OR JUST ABOUT ANY ACCOUNTING SOFTWARE BUT NEED MORE ADVANCED FINANCIAL REPORTING YOU’LL LOVE MONDIAL’S MULTI-LEDGER FACILITY FEATURE.”

The challenge of statutory reallocation postings for different regulatory needs can be frustrating. With different group P&L’s, Balance Sheets and Cash Flow statements to be run in IFRS, GAAP or different tax authorities it can certainly be time and resource consuming.

  • Mondial maps to statutory charts of accounts which can be used to meet local reporting disclosure formats
  • Multi-GAAP/IFRS allocation and revaluation treatments can be completely automated
  • Every balance on every report is fully auditable with drill down to transaction line-level detail
  • Unique transaction IDs are maintained for all adjusting journal entries for a complete audit trail
Mondial provides the visibility and features that allow you to provide assurance that financial reports are error free and compliant with the various requirements of each regulation.

The Mondial Process

Mondial is a cloud-based financial reporting and compliance platform that can work with any accounting system to provide accurate, auditable, and meaningful financial statements in the formats required by company management, regulatory authorities, and other stakeholders.

RETRIEVE

Stores every GL, AP and AR transaction from across the group in one secure location in the cloud.

STORE

Holds data in every reporting currency even if that currency is not present in the underlying accounting system

MAP

Maps each local chart of accounts to corporate or local statutory versions for seamless reporting consistency

NORMALIZE

Supports adjustments such as eliminations, revaluation and statutory reallocations to ensure GAAP/IFRS compliance

GENERATE

Offers a secure, easy-to-use report writer that allows the creation of unlimited reports in exactly the format required

ANALYZE

Allows the inclusion of comparative data from an unlimited number of budgets for performance analysis

DRILL DOWN

Includes drill-down from any reported balance to line-item source transaction details for complete auditability

COMPLY

Provides multiple output formats including On-screen PDF and Excel as well as the output for electronic submission

Intuitive, flexible, affordable, globally focused cloud accounting hub and financial report writer

Management Control

Group Consolidations

Regulatory Compliance

  • Management formats
  • Operating currency
  • Actuals v Budgets
  • Variance analysis
  • Group formats
  • Reporting currency
  • Multi-GAAP compliant
  • Net of Intercompany
  • Statutory formats
  • Electronic submission formats
  • Local GAAP-compliant
  • Fully auditable data
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