Chart of accounts & journals
Maintain the cooperative chart of accounts and journal entries used by connected financial transactions.
Cooperative accounting software
Cooperative accounting connected to the transactions behind the numbers.
Keep the books connected to cashiering, loans, savings, procurement, member transactions, and other operations instead of rebuilding the same activity in separate accounting files.
CONNECTED CAPABILITY
A connected accounting foundation.
Fortunato extends accounting across the cooperative while keeping one financial record.
Treasury & disbursements
Manage cash and bank accounts, fund movements, disbursements, and their accounting impact.
Opening balances
Bring forward approved opening balances during onboarding without creating a parallel accounting model.
Financial reports
Produce accounting reports from the same records used by day-to-day cooperative operations.
CONNECTED CAPABILITY
Accounting that follows operations.
Connected modules can post or feed the financial records needed by accounting, reducing duplicate encoding and reconciliation work.
Cashiering & collections
Keep member payments and receipts connected with finance and accounting records.
Loans & savings
Connect loan and savings transactions with their configured accounting mappings and journals.
Procurement & payables
Connect purchasing, vendors, receiving, payables, and disbursements to the financial workflow.
Audit trail & approvals
Preserve transaction history and route applicable authorization through Fortunato Workflow & Approvals.
QUESTIONS & ANSWERS
What cooperatives usually ask.
Practical answers about this part of Fortunato and how it fits the wider platform.
Does Fortunato replace the cooperative’s chart of accounts?
Fortunato uses its accounting architecture as the financial authority for connected modules. During onboarding, accounting setup and opening balances are reviewed before operational posting begins.
Are operational transactions connected to accounting?
Where accounting integration applies, Fortunato uses configured mappings and journals so operational activity can flow into the financial record.
Does Fortunato support opening balances?
Yes. Fortunato includes an opening-balance process for bringing the cooperative’s starting financial position into the system.