PENFAX is a well known pensions accounting system, developed in-house. Unlike other proprietary products that are general accounting packages, PENFAX software is specific to pensions accounting.

The system is not only used internally by our Client Accounts Department, but is also marketed to companies who wish to operate their own in-house systems.

The key features of PENFAX include:

• Multiple journal entry facility with automated reversal to journal
• A computerised cashbook
• Hierarchical nominal ledger structure
• Posting types that act as templates during transaction entry
• Bank reconciliation
• Flexible nominal accounts
• Security and data integrity checking throughout the system
• Comprehensive audit trail
• Automatic period and year end functions
• Trial balances on demand
• Balance sheets
• SORP report facility
• Wizards to guide the user through complex tasks
• Windows standard and context sensitive help facility
• Cheque writer facility
• Performance management

The latest version of our software, PENFAX Enterprise, runs on SQL server and is specifically designed with multi-users in mind.

We work hand in hand with clients to build fully computerised accounting solutions, utilising the latest and most powerful software.

For more information about PENFAX please click on the logo below to visit the official website.