FINANCE ROUTINES GUIDE

This guide provides links to all the individual guides that together make up the Finance Routines Guide. It follows the format of the Finance Routines Online Training Webinar, and is therefore split into five sections:

Staffing
Central Payments
Bank Reconciliation
Reporting
Closing the Period

This Finance Routines Guide covers items that are usually dealt with on a monthly basis, rather than a day-to-day basis. It follows on from the Finance Managers Guide, which should be read first.

1. Staffing

This section of the guide covers the monthly processing of Salaries.

1.1. Automatic Salary Reconciliation

See: How to Complete Automatic Reconciliation Of Salaries

1.2. Individual Salary Payments

See: How to Manage Individual Salary Payments

1.3. Reviewing Salary Variations

See: How to Review Salary Variations

1.4. Clearing Salary Commitments

See: How to Clear Salary Commitments

2. Central Payments

This section of the guide is for schools that either partially or wholly use Central Payments and Receipts for Accounts Receivable and / or Accounts Payable.

2.1. Central Payments and Receipts

See: How to Record Central Payments and Receipts

And: How to Reverse Central Payments and Receipts

2.2. Passing an Invoice or Credit Note for Central Payment Using Central Authorisation

See: How to Pass an Invoice or Credit Note for Central Payment using Central Authorisation

2.3. Central Manual Reconciliation

See: How to Complete Central Manual Reconciliation

3. Bank Reconciliation

Although they are usually done on a monthly basis, depending on the size of the school and the number of items that are regularly included on the statements, Bank Reconciliation and Credit Card Reconciliation might be done more often to make the process more manageable. However often they are done, it is recommended to stick to a schedule.