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  • Writer's pictureLife & Pension Systems

New Accounting Software - Pension Accounts Master!

Updated: Jan 19, 2023

We are pleased to announce that our new Pension Fund Accounting system will be available in 2023 and can support your company within the specialised area of pensions accounting.

Finance teams spend a considerable amount of time and effort every year producing the Pension Scheme Report and Accounts, relying on manual processes using internal and external documents.

Our aim with this software is to solve this problem by offering a streamlined pensions accounting package whilst avoiding unnecessary standard accounts features with a simple easy to follow solution.

Pension Accounts Master is a web-based application that can be used as a standalone product, or integrated with Pension Master via API's, and is designed to be used for all pension schemes.

Where integration to Pension Master is required, as a user, all information will only have to be keyed into one system, helping to limit user error and save time, which will improve accuracy across all systems.

Pension Accounts Master will provide the user with the ability to enter credit and debit transactions by the use of Bank Receipts, Bank Payments, or Journal Entries. As well as this, Annual reports and financial statements, applying FRS 102 and 2018 Pension Statements of Recommended Practice (SORP), are available as standard.

Our service includes consultancy, installation, patch management, maintenance of storage, integration, software customisation, full data backups, and disaster recovery solutions.

We will be sending further information in upcoming newsletters on how you can start using our new accounts package.

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