School changing to local payments

FMS PROCESSES REQUIRED FOR CHANGING FROM CENTRAL TO LOCAL PAYMENTS

Tools>General Ledger Setup>ledger codes

Add bank acct (usually BK01)

Add petty cash (usually PC02)

Tools>Books>

Cheque Books – add

Order books – add LPS one

Petty Cash books – add LPS one

Tools>Non-Invoiced Income Parameters

Change from Central to Local

Tools>Define VAT Periods

Set up as per LA info

Opening balances – agree with LA and enter

Accounts Rec>Tools>Manage books>

Invoices – add

Receipts – add

Paying In – add

Reviewed 13/04/2018

KB16992

How useful was this article?

Click on a star to rate it!

Average rating / 5. Vote count:

No votes so far! Be the first to rate this post.

Similar Posts

Ledger code not mapped for service term

ByLiam Motevali

This appears when the service term mapping cannot be found for the ledger code associated with the current reconciliation item in Personnel Links. Start in Personnel and make a note of the Service Term and Financial Sub Group for the relevant contract In FMS check the service term/ledger code mapping under: Focus > Personnel links…

I am unable to delete a cost centre or ledger link

ByscomisWR

There are several things that may stop you deleting a cost centre or a ledger link – please check the following:- *Please note that it is only possible to delete a ledger code so long as the ledger code remains unused. Any cost centre over one financial year old will not be possible to delete….

Claim Preparation – No fund/ledger codes showing to select

Bykaren.brain

Claimants are showing to select and add in claims for additional contracted hours and supply but on selecting the fund and ledger there is nothing to choose. Check in FMS that the financial year is Started. In Claims Preparation use the Refresh Cache option. If this is the first claim they have prepared since having a new FMS…

Cost Centre allocation exists in new financial year

ByscomisWR

Cost Centre allocations can be entered either manually or imported from budget setting software. If the school uses a budget import facility it is important to check which years are required when importing and to choose appropriately; eg if importing for 2016 financial year only also choose 2017 if required.   KB18629   How useful was this article? Click…