FINANCE MODULE (School Finance Management System)

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 LA's.

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.

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• Budgets

  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.

• Consistent Financial Reporting

  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

• Employees

  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 this.

• Forward Planning

  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.

• Suppliers

  The finance module can be used to maintain the school's suppliers, produce orders and record invoices and payments.

• Petty Cash

  The finance module includes facilities to precisely monitor the school's petty cash.