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

Unable to Fix Budget: FMS Error: Budget cannot be fixed. Cost Centre expenditure limits must be equal to expenditure allocations at ledger code level

BySarah Hart

When trying to fix the budget in FMS you may receive the error above.  This is because the Expense Limit and Expense Allocated figures do not match. To match these figures go to; Focus | Budget Management | Cost Centre Allocation. Click the “Columns” icon and select “Expense Limit” and “Expense Allocated ” You will…

Pay Scale incorrect within FMS

ByLiam Motevali

If a staff member has a higher pay scale within Salary Projection within FMS than they have on their contract within SIMS and this is incorrect please follow these steps: – Find the staff member’s personnel record within SIMS – Open their contract – Put an end date on their current Salary Scale Record that…

Asset Management for Academies

Byjanet.demaine

Asset Management is a new addition to theFMSsuite of software specifically for use in academies and independent schools. These types of school have a requirement to record and account for their fixed assets. They will need to identify:- the type of asset, for example land and buildings, computer equipment. the depreciation policy, for example straight…

Is there an audit trail in SIMS?

ByVerity.Ridge

There is currently no audit trail in SIMS so you will not be able to see which user changed something. If you do know the date and time of when something was changed, then this can be checked against session logins. Go to Focus | System Manager | User Access Log. This displays which users logged…