BRICS accounting module enables users to maintain and process day-to-day accounting transactions through an intuitive web-based interface. Further, BRICS provides easy calculations of agency commissions and real-time posting of premiums, commissions, and claims to posting data and general ledger. It also ensures easy handling of payments, receipts and bank reconciliation.

Accounting features supported by BRICS:

• Easy setup of Chart of Accounts, banks accounts
• On the fly fast setup of vendor information.
• Data entry forms are designed to ensure fast data entry
• Facility to import data from Excel sheet for selected transactions
• Data outputs to Excel Sheet (provided client machines have MS-Excel)
• Easy to define and post repetitive recurring journal entries
• Budget maintenance and comparative financial reporting
• Easy to setup budget details
• Bank account reconciliation
• Electronic Fund Transfer
• Module level security, Backup
• Financial reports
• Monthly or date range statements of accounts.
• Generation of aging reports
• Batch printing of checks by third party vendors
• Automatic creation of audit trial with user id and date timestamp
• Transactions once posted / updated cannot be deleted
• Ability to define check number sequence for each bank account and option to reassigning the sequence if required
• Setting up agency commission percentages based on the state, LOB, and transaction type like NBS
• Ability to define bonus commissions, contingent commissions to agencies
• Ability to issue checks and update the General Ledger in real-time