The i-Schools Nominal Ledger module integrates seamlessly with all other financial processes of the system bringing together the complete status of the school business giving comprehensive management controls and budgetary analysis. The flexible nominal code structure allows for departmental controls.
Data is captured automatically from other financial modules and additional journals can be entered directly. Pre-payments and accruals can also be made. A cashbook module is also included.
Individual codes can have budgets allocated against them giving a powerful financial control system by code or department. The budget control report shows actuals, forecasts and variance with comparison over last year. Commitment accounting features are also available for the larger schools which integrates with the supplier purchase order module. As soon as a purchase order is raised it is flagged as a commitment against the relevant department expense code.
The income and expenditure report can be produced with budgets and variance. A consolidated or detailed option is available. Management reports also include Balance sheet, Profit and loss and SORP reports.
Accounts can be viewed with a complete drill down into the lowest detail. The nominal ledger report can be produced for any period or range of periods in summary or full detail.
Key Benefits
> Complete integration with other financial modules
> Fast code enquiry with drill down
> Details and summary reports for management controls
> Budgets to monitor performance
> Commitment accounting
> Built in cashbook.
> Template journals to minimise data entry
