The FreeBalance Accountability Suite is the only public financial management solution designed exclusively for government.FreeBalance Public Financials Management supports the unique budgetary requirements of the public sector.Features such as support for commitment accounting and budget management enable governments to manage tax dollars effectively Public Financials Management supports commitment

accounting and budget management.

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PUBLIC FINANCIALS

MANAGEMENT

BUDGET & COMMITMENT ACCOUNTING

ASSETS & INVENTORY PROJECTS & JOB COSTING

FEATURES

Supports core government financial functions for unitary governments, national governments, line ministries, sub-national and municipal governments and projects.

Supports asset management principles tailored specifically to government needs such as fixed assets, stores, fleet and facilities.

Supports project management link budgeting and project accounting to project estimates and forecasts.

OPEN

BUILT EXCLUSIVELY FOR GOVERNMENT

SMARTSPEED

• Budget Controls

• Cash Books

• Controls for ERP

• Line Ministry System

• Municipal System

• Core Public Financials

SOLID FOUNDATIONThe FreeBalance Accountability Platform is a web-based Java-powered platform designed for government financial management. Our applications support centralized environment, but are also flexible enough to accommodate decentralized & hybrid models.

BUDGETARY CONTROLBudgetary funds are mapped to the Chart of

Accounts (COA) at a pre-determined hierarchy level for aggregate fiscal control.

REFORM AND MODERNIZATIONModernizes the financial management structure

such as migrating to accrual accounting.

FIXED ASSETS AND INVENTORYManages asset accounting, depreciation and

evaluation. Supports government stores, transfers, inventory counts and consumption.

MULTI-LEVEL ALLOTMENT CONTROLSSupports approved appropriations, warrants or allocations, mapped to summary or detailed levels within the COA and to fiscal periods.

REAL-TIME LEDGERSBalances ledgers in real-time with budgets to ensure that budgets are not overspent.

JOURNAL, VOUCHERS & LEDGERSSupports traditional accounting cycle used in public and private sectors.

The Public Financials Management functions in the FreeBalance Accountability Suite include the following:

United NationsInternational Monetary FundWorld Bank

MODULES• Project System

• Regional System

• Sub Ledgers

• Standard Reports

• Government Fixed Assets

• Government Fleet Management

• Government Facilities + Property

• Government Stores + Inventory

• Job Costing

• Public Works Projects

SUPPORTED INTERNATIONAL STANDARDSThe FreeBalance Accountability Suite supports the highest international standards for fiscal management and accounting, including those from:

International Financial Reporting Standards (IFRS)International Federation of Accountants (IFAC)Millennium Challenge Corporation (MCC)

COMMITMENT & OBLIGATION CONTROLSupports a soft commitment to spend or hard

commitment/contractual obligation.

Modules provide additional features that can be combined and configured to create a solutions for government.