Finance & Accounting

Finance and accounting: one ledger from the trade to the board pack

Every trade, fee, payment and accrual posts to one double-entry ledger. Your finance team closes the period and reports from the same books.

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In short

ZagTrader includes a full double-entry general ledger. Every trade, fee, deposit, withdrawal and accrual posts to it automatically, in its own currency at the rate of the day. From the same books, finance runs the statements, consolidates offices, reports capital adequacy and closes periods that stay closed.

Built for: CFOs, financial controllers and back-office teams at brokers, custodians and investment firms
Covers: General ledger, client money, statements, consolidation, regulatory capital, aging, budgets and billing
Runs: As part of the ZagTrader platform, on the same ledger as trading and custody

What a CFO gets

The questions a board, a regulator and an auditor ask, answered from one set of books.

Every movement in one ledger

Trades, fees, cash and accruals post automatically to a double-entry ledger. Each journal keeps its currency and the rate at posting, so reprints always match.

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Corrections by reversal, never deletion

Every voucher is previewed before it posts and must balance. A wrong voucher is reversed by a counter-voucher, and both stay on the record.

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P&L on the basis you need

One income statement shown as booked, on an EBITDA basis or on a cash basis with a working-capital bridge. Compare to last year and drill into the journals.

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Group consolidation

Sales between your own offices are eliminated, with a bridge showing each office. Group net income stays correct and the balance sheet stays balanced.

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Capital adequacy templates

Map your chart of accounts to each regulator's line items. Templates cover several jurisdictions, and a new line is a mapping change, not a project.

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A close that stays closed

Close daily or monthly, by hand or automatically. Nothing can be posted or back-dated behind a closed date, from any screen, job or source.

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How it works

From the first posting to the board pack.

1
Every event posts itself
Trades, fees, deposits, withdrawals, interest and corporate actions post double-entry vouchers with no re-keying.
2
Client money is held, not guessed
Buying power falls the moment an order is placed. Only settled cash can be withdrawn.
3
Reconcile with the outside world
Bank statements, custodian holdings and custodian cash are matched daily. Unmatched items become a worklist.
4
Close the period
Interest, fee and custody accruals are brought up to date, the closing entry posts and the period locks.
5
Report from the same books
Statements, consolidation, capital adequacy, aging and budgets all read the ledger the business posted to.

Everything inside Finance & Accounting

The full capability set, in plain language.

Capability	What you get
General ledger	A chart of accounts tree with categories and classifications, sub-ledgers by client or instrument, multiple offices and multiple currencies at stored rates.
Vouchers and approvals	Receipts, payments and general journals with bulk import, preview before posting, maker-checker approval and no self-approval.
Client balances	Cash balance, available to trade, available to withdraw from settled cash only, and a consolidated figure across currencies.
Reservations and holds	Cash held for pending orders, fees, margin and withdrawals in flight. Deposits and payments can be blocked separately, or an account frozen.
Money in and out	Deposits by virtual IBAN, receipt voucher, payment gateway or bank integration. Withdrawals with approval and screening. Transfers between accounts and clients.
Interest	Daily accrual on credit and debit balances by currency, client and custodian, on a 360 or 365 day count. Monthly posting and client interest statements.
Reconciliation	Banks, virtual IBANs, custodian holdings and cash, settlement, external brokers and cheques. Hiding an unmatched item needs a second approval.
Financial statements	Trial balance, balance sheet, income statement, cash flow, general ledger report and account balances, on screen, in PDF and in Excel.
Income statement bases	As booked, EBITDA or cash basis with a working-capital bridge. Common-size percentages, compare to last year and drill-down to journals.
Consolidation	Inter-company sales eliminated per office, billed amounts added back to expense, and the matching reduction on the consolidated balance sheet.
Regulatory capital	Capital adequacy reports mapped from your own chart of accounts, with jurisdiction templates, drill-down and Excel and PDF exports.
Aging and profitability	Customer, receivables, payables and credit aging, plus a ranking of clients by revenue earned against the equity they hold.
Budget vs actual	Budgets by cost centre, with monthly and quarterly drill-down and traffic-light variance.
Period close	Daily or monthly close, run by hand or automatically, enforced in the database for every office. Reopening a day needs its own permission.
Integrity controls	An alert for executed trades with no journal and a one-click repair queue, plus a nightly consistency report across seven checks.
Contract billing	Customer contracts with line items billed monthly, quarterly, semi-annually, annually or once, posted through the same ledger, with sales reporting.

Frequently asked questions

Is the general ledger built in?

Yes. Trading, cash, custody, fees and corporate actions all post to one double-entry ledger, and every financial statement is produced from it.

How are mistakes corrected?

By reversal. A counter-voucher swaps each debit and credit and references the original. Both stay on the record and the reversal is logged in the audit trail.

Can we report profit on an EBITDA or cash basis?

Yes. The same income statement runs as booked, on an EBITDA basis or on a cash basis with a working-capital bridge. Each printout states its own basis.

How does consolidation treat billing between our own offices?

Inter-company sales are eliminated with a per-office bridge, and the billed amount is credited back to expense. Group net income is unchanged and the balance sheet stays balanced.

Can anyone post into a closed period?

No. After a close, nothing can be posted or back-dated behind it, whether from a screen, a background job or the database. Reopening a day needs a specific permission.

How is client money kept apart from what clients can trade?

Each client has a cash balance, an available-to-trade figure and a stricter available-to-withdraw figure. Pending orders hold cash at once, and only settled cash can leave.