ISTEK - Private Funds Manager

The Private Funds Manager Plus provides a cost-effective and easy way for your school to manage the private funds associated with school trips and events. It will easily produce all the information that organisers need and all the financial information that your finance team requires reducing the workload of administering school trips.

Private Funds Manager can be used in the classroom and office and supports the statutory requirements under Consistent Financial Reporting (CFR).

Key Features

Account maintenance and period end

• Easy to set up and use
• Unlimited number of trips or events
• Manages multiple bank accounts
• Delete old/unwanted accounts
• Simple upload of pupil, class, teacher and supplier data from SIMS
• Class changer and other straightforward year end procedures
• Options to work under a registered charity number
• Familiar Windows 'look and feel'
• Multi-user versions available

Transaction Entry

• Reduces workload burdens
• On-screen analysis of receipts and payments by cash or cheque
• Printed receipts for all or some transactions, or print later
• Direct posting of bank charges
• Records transfers between banks and between trips or events
• Quick attendee lists, payment logs and summary reports for teachers and office staff
• Simple entry of money received by lump sum, class, family or individual

Comprehensive, flexible reports

• Information when you need it
• Simple reconciliation of bank statements with printed report
• Bank balances shows real-time balances for each bank account
• Up-to-date record of banking information
• Comprehensive financial reports
• Reports can be shown on screen, printed or exported to a word processor or spreadsheet
• Quickly produce information for parents, governors and trip organisers

Reports available

• Financial; income and expenditure report, balance sheet, trial balance, audit trail, summary statements and budget comparison
• By trip/event; for the trip organiser show attendee lists, summary statement and student payment sheets
• Transaction lists; for bank accounts, individual pupils and suppliers
• Screen enquiries and reports; produces a wide range of reports for your choice of dates, which can be viewed on screen, printed or exported to a word processor or spreadsheet for manipulation
• Period end; provides backup and restore facilities, deleting options, year end close down and class changer functionality to move pupils at year end from one class to another, either by whole class or selected pupils.