The finance module is fully compliant with the requirements of Consistent Financial Reporting.
It is a flexible and powerful tool to help you set, monitor and report all aspects of the school budget.
The Finance module provides excellent scalability, giving overall detail of budgets and actual income/expenditure using reports such as those below, or allowing a user to pinpoint specific
transactions or budget changes. At the click of a button an overall picture of the school budget can be retrieved, showing funding, income, expenditure and contingency and allow a school
to decide if they are creating a balanced budget for the year.
The Finance allows users to create Income and Expense accounts, all of which can be assigned to CFR Headings, each account can have a budget set and actual Income or Expenditure
written to them. The budgets can be monitored on a month by month basis using numerous informative reports, including our Budget vs Actual report.
Details of each account including budget changes and actual income and expenditure can also be viewed.