Using the SBS Online budget planning and monitoring system you can plan effective school budget management for the coming financial year and into the future. Create your school’s staffing workforce and get accurate salary projections for each staff member, encompassing basic pay, NI and Superannuation contributions.
In essence, you will be able to obtain a total cost to the school for the workforce it employs. Complete your budget in SBS Online by processing all income and other expenditure items. Use the CFR, GAG or customised reporting suites to take your budget plans to important meetings with the senior leadership team and board of governors. Once agreed, you can then export your budget plan and upload straight into your finance software.
For ongoing school budget management take advantage of the monitoring functionalities which exist in SBS Online. Plan and report expenditure of ring-fenced funds, such as pupil premium, using customisable analysis tags. Perform a monthly salary reconciliation to your school’s payroll file to ensure you are budgeting correctly into the future. Then upload from your finance software your year to date actual and committed expenditure to project a year-end balance.