FundsMaster for Schools – Accounts Simplified!

If you currently use FundsMaster here are some of the changes you can expect to see in FundsMaster 3.2:

• Increased number of AutoBackup folders to 25, with a backup taken at login and logout
• Batch Transaction backup created each time a transaction is added (only valid for new/deleted transactions going forward)
• Batch Transaction backup created each time a transaction is edited/deleted (valid immediately for transactions edited)
• Advanced Option to Restore Batch Transaction Backups
• Data structure integrity checked and verified at login

School fund software for the administration of school income and expenditure accounts

Managing school funds is a time consuming and often frustrating exercise. Historically, schools used either a manual ledger book or a simple excel spreadsheet to account for tens of thousands of pounds worth of income and expenditure.

Import Historical Data & Reports

At the end of each financial year FundsMaster’s End of Year Routine is designed to remove all the reconciled transactions, delete any inactive funds, move monies to/from the School Fund and closing balances become opening balances.

Before completing the End of Year Routine, you are prompted to Backup your data, should you need to review it in the future. FundsMaster also has the ability to Import Historical Data using your Backup files. This allows you to review previous years reports much more easily.

Furthermore there is a new option within the Reports Menu for viewing Historical Reports. After Importing Historical Data you are able to look at reports relating to previous financial years.

FundsMaster can import data from ParentMail.

 Download Demo 

FundsMaster enables the appropriate member of staff to record all income and expenditure and maintain bank reconciliation records. A comprehensive suite of management reports and full audit trail are standard.

Auto Backup Facility in FundsMaster

We recommend you backup your data onto a USB memory stick and store it offsite. Should you forget to backup your data, FundsMaster is now designed to automatically backup your data (creating 5 backup folders – time and date stamped) when you exit from FundsMaster.

It is important that you still have an offsite backup of your FundsMaster data in case your computer breaks down

Payments, Receipts & Transfers

FundsMaster provides an accessible interface for the daily administration of your school fund account.  Easily add payments, receipts and transfers to keep an electronic ledger book.