FMS Year End and System Tidy
Dates, times and venues...
No dates currently set: Ask us about delivering this course in school as a Consultancy Session, or as a remote session by clicking the link below...
Audience/Keystage...
Staff involved in the budgeting process in closing and setting up the new financial year
Tutor(s)...

Overview...
The aim of these workshops is to give your financial system a well overdue MOT.
When County introduced the 111GEN Cost Centre, much of your structure became redundant and duplicated and in some cased tripled in size. Your Chart of Accounts should be no more than 5 – 6 pages of long. We are constantly seeing systems that are producing a Chart of Accounts of between 18 and 32 pages long! If this is your system then you are wading through unnecessary structure.
- You shouldn’t be seeing redundant Cost Centres such as ‘Premises’, ‘Admin’ and ‘Employees and Support Services’. If this description mirrors your current system, then you should be considering joining us for one of the Year End and Structure Tidy workshops.
- When you open up the Invoice and Credit Note opening screen, are the vast majority recorded as Non Order Invoices – No Commitment? This practice goes against the County Council Financial Regulations, which clearly state all purchases should reordered as Purchase Orders = Commitment. If this mirrors your practice, again please book one of our workshops.
You only have a very short time frame to streamline your system as you can only have one financial year open.
During the workshop we will look at simple hints and tips to improve your productivity, and workflow.
Moving on from the structure and best practice, we will also look at preparing your system for the Financial Year End and look at areas that continue to concern you like Accruals & Prepayments.
These workshops are ‘Hands On’, you will be creating a more streamlined system that will minimise errors and prove to be most rewarding for you. Why wade through redundant Cost Centres and Ledger Codes. We are here to make 2021-2022 easier and more productive. You have all the tools in your accounting package – learn how to operate them fully!
Objectives...
- Improve structure by removing long redundant Ledger codes and Cost Centres.
- Look at Best Practice, in line with the County Financial Regulations.
- Prepare your systems for the new financial year.
- Look at problem areas such as Accruals & Prepayments – made simple.
- Improve your workflow and productivity for 2020-2021.
- Enhance knowledge and understanding.
