JETI Model Overview
The JETI model serves as the accounting backbone for MaxQ. This model provides a daily confirmation for cash movements and bond purchases, redemptions and interest activity. JETI provides interest payment approximations, automated adjustments and true-up entries to ensure our books are always in sync with actual payouts. JETI also provides multiple journal entry reviews on an accrual, cash or modified basis. This allows our users to easily navigate security level entry details over any timeframe for audit purposes. For clients needing journal entry exports into customized formats, JETI can also be designed to provide the appropriate data export format for your ERP system.
Bond Transaction and Interest Activity
The heart of MaxQ beats around the JETI model as we centralize all portfolio activity reconciliation into a single model. Users can confirm interest payments to JETI's calculated interest earnings to ensure accounts are receiving the correct amount of interest. Users can also confirm any buy and sell transactions they initiated and any automated maturity or call redemptions initiated by MaxQ. JETI also allows users to review monthly cash transactions to reconcile balances and a true-up function to match accrued interest to any mismatches in actual interest.
Journal Settings and User Setup
JETI allows our users to setup custom journal account numbers for both security and cash assets. By allowing customized income and asset account numbers our users can reconcile accounting journal entries to specific account numbers for audit purposes. Our users can also also establish custom journal identification numbers that may be required by internal ERP systems.
Journal Entries
JETI can monitor and report on accounting journal entries across multiple methods. JETI supports full accrual, modified accrual and cash accrual reporting to meet any combination of reporting our users need. JETI also contains a journal history section that can view every journal entry ever created for a specific security. It can also break down these entries into their respective types such as purchases and redemptions, payment and accrual activity and amortization or accretion. JETI will also allow users to pull up previous journal entries for a single month to review any journal submissions to our system.
