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. Each of the elements noted below are included
in the latest version of the finance module so a shool is not required to purchase
extra modules. We work hard with schools to develop all our programmes around the
needs of our users, this includes adding reports and returns specific to different
Changing to a new budget monitoring application can seem like a daunting task, Wauton
Samuel's client support team make this easier using their conversion procedure.
This will extract specific data from your current finance package, such as employees,
pay and conditions, budgets and suppliers and import this into the School's new
Finance Module, the finance module is then thoughly tested so a school can work
on their new data within their first One - to - One training session.
The finance module serves as a budget setting and modelling tool by providing facilities
to automatically calculate projected costs. This allows the user to easily monitor
and adjust their budget through the year.
The finance module is based around the principals of CFR so any changes made by
a user will ultimately be reflected in CFR returns to the Dfes while still being
recognisable in the everyday use of the school
Typically the largest element of a school budget, the school workforce can present
a major challenge. The 'Employees' section of the finance module helps simplify
More and more Schools are being given notification their funding for a number of
years in one go and being expected to create a school budget several years into
the future. The Forward Planning section of the finance module has automated many
of the procedures that will be involved.
The finance module can be used to maintain the school's suppliers, produce orders
and record invoices and payments.
The finance module includes facilities to precisely monitor the school's petty cash.