Broker Dealer Software: Commission, Accounting, FOCUS IIA, SSOI

BDOS is a comprehensive back office software solution, created specifically for introducing broker dealers.  We know the need for accurate commission calculations and have met that need for over 25 years. But, commissions represent only a portion of total back office activity. Other major back office components include:

  • accounting (general ledger)
  • FOCUS IIA and SSOI (compliance)
  • books and records

You can use BDOS to meet all of your back office needs.  Plus, we also offer outsourced FINOP services through BDOS-FINOP.   As such, we provide the most comprehensive back office solution in the industry.  With BDOS, you can optimize your back office operations and maximize your productivity at a very reasonable cost.

Rep Commissions

  • calculates rep commissions and clearing fees
  • applies commission adjustments
  • receives payment from vendors
  • shows commissions: open, pending and paid
  • shows adjustments pending and paid
  • commission statements show:
    • trades, trails and fees
    • commission adjustments
    • 1099 commission information
  • download from RBC, Pershing, NFS, DST, NSCC…

General Ledger

  • GL entries are automatically generated when:
    • the trade, trail or fee is recorded
    • vendor payment is received
    • reps are paid and commissions are adjusted
    • checks are written
    • cash is reconciled
  • financial statements include:
    • trial balance
    • balance sheet
    • income statement
    • profit/loss statement
  • reports can be aged (past, present or future) for:
    • trade receivables
    • trade payables (reps and clearing)
    • non trade payables

FOCUS IIA/Supplemental Statement of Income

  • FOCUS IIA and SSOI are generated with a few mouse clicks
  • Net Capital Computation for any date (past, present or future)

Audit Trail

detailed activity reports (pdfs) can be automatically generated when:

  • cash is reconciled
  • checks are written
  • batch is transferred
  • vendor payment is received
  • commissions are paid
  • commissions are adjusted
  • manual journal entries are created

Compliance

The Net Capital Computation, FOCUS, SSOI and Audit Trail, tightly integrated General Ledger, and Trading System are the strongest BDOS compliance features. But, there are other significant compliance components:

  • rep license and registration for each trade
  • commissions for non insurance trades and blue sky
  • cash receipt and disbursement blotters
  • checks received and deposited blotter
  • customer ledger (Securities Transactions)
  • confirmations
  • purchase and sales blotters
  • fails to receive
  • fails to deliver

Control

If your back office uses Quick Books or Excel there is  a high probability of user error and you may spend a significant amount of time resolving data entry problems.  Further, unless you are competent in these packages, you have relinquished control to the person that operates them.  BDOS fully addresses the control issue.

Your back office needs can best be met by using BDOS and BDOS-FINOP.  We have provided precision results to broker dealers since 1989.  In fact, three of our current clients have used BDOS for over 25 years.

We invite you to tour our site and contact us (919 321 0716) or fill out the demo request  form to arrange a demo presentation.