Multi-ledger facility provides complete GAAP & IFRS reporting

“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

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