4Finance, fully integrated School Finance Management System (coming soon)
4Finance, a full schools finance management system integrated with our Management Information System (can also be used separately) containing a full budget monitoring tool. You no longer need to keep multiple separate budgeting tools as 4Finance can help you create your budget, carry out your day to day functions and also forward plan. Not only will this save time, but also money, as you won’t have to purchase any extra finance tools.
All of your summary balances in one place making your life easier
4Finance places all balances in one place to get the information you need as soon as you login. You can check on your total budget, unspent budget, actual income and actual expenditure. You also get a few nice charts of the percentage of the budget used for each category whether that is CFR or GAG.
Our unique menu slide makes navigation easy, all of the functions you need, when you need them.
Create VAT returns at the touch of a button that incorporate HMRC approved VAT return, a claimed/reimbursed history report and VAT rate analysis.
Full Audit Trail
Full transaction reports let you know what you did, when you did it and how it was done. A complete history is kept and you can get information across multiple years without having to access separate archived files.
User Specified Reporting
Build your own report with your own headings, categories, and groups. Use report level, order and totals to decide on how the information is presented and also use a mixture of detail or simple formats.
You can simply create BACS files from 4Finance and upload them to your bank account. This saves time by removing the need for printed and signed cheques and also saves you money as you do not have to purchase any further cheque printing documents.
P4 looks very user friendly and intuitive. I like live help for a query
Supplier Orders, Invoices and Payments
Streamline your processes by creating your orders and then using them to generate your invoices. Use the system to process the payments for reconciliation, create BACS files and facilitate cheque printing. All of the functions you need to ensure your payments are tracked, recorded and reported.
The system is built on a robust database incorporating a double entry system so that you save time without having to enter journals or adjustments as you might have to in less sophisticated systems.
Consistent Financial Reporting (CFR) and General Annual Grant (GAG) Reporting
Complete Statutory Reporting to the Department for Education through CFR for maintained schools and GAG reporting for academies.
Petty Cash Administration
Complete Petty Cash management from recording receipts to Petty Cash Reconciliations and reporting. All of this links straight to the main accounts and budgets.
Local Authority Returns
The system is designed with schools in mind, therefore a single button can produce all of the LA reports that you require including balance sheets, cash reconciliation reports and budget accounts.
There are a variety of cheque prints that can be achieved through 4Finance and if your specific cheque is not available our team will build it into the system for you.
The forward planner allows you to create year on year budgets, generate staff increments, generate profiled budgets and plan your next two, three or more years.