Structure : PFS-PAXUS contains a powerful multi-currency general ledger module. The General ledger is used as the source of financial statements and fee calculations, thus tying in a fund's balance sheet to its asset and performance based fees. Allocations of balances for partnership accounting are performed based on the general ledger balances. Transactions can be tagged with a variety of codes for later extraction. Account codes are user defined and can be alpha or numeric or both. The general ledger is a hierarchical structure where groups of accounts can be consolidated into a higher level group.

Future, present and past value date posting : Entries can be posted to future, present and past value dates. Useful applications of this are : (a) where a recurring expenditure is known all future transactions can be posted in one batch (e.g. monthly amortisation of start up legal costs for a fund) and (b) if an error is discovered in a past valuation a correcting entry can be posted and the subsequent valuations re-run at the push of a button. Postings to a fund prior to a specified value date can be prevented by activating a "posting lock" function.

Multi-currency ability : All balances are maintained both in the currency in which the transaction occurred and the reporting currency for that fund. A currency revaluation program marks foreign currency balances to market against the latest exchange rates applicable for that fund and generates accounting entries automatically.

Automated postings : GL journal entries are automatically generated and posted by the Securities module, Share registry module, Equalisation module, and the Administration, Management and Performance fee programs.

Batch data entry : Users can post journal entries manually via a batch data entry screen. Previous batches can be used as templates for creating new batches.

Batch data entry upload : Users can upload batches of journal entries from a text file, which is easily created from a spreadsheet.