Mandie Kirk - Product Manager SIMS Financial Management System (FMS)
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Mandie Kirk - Product Manager SIMS Financial Management System (FMS)
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Transcript of Mandie Kirk - Product Manager SIMS Financial Management System (FMS)
Mandie Kirk - Product Manager
SIMS Financial Management System (FMS)
FMS• Spring 2015
• CFR 2014/2015• National Insurance 2015/2016• National Insurance for Under 21’s• Invoice Payments by Debit Card• Reports
• FMS MultiView
• Road ahead
News Item 23849 posted 2nd March 2015
Consistent Financial Reporting (CFR) 2014/2015
The statutory changes required by DfE to enable a school to generate and submit their CFR return for 2014/2015 will be included in the FMS Spring 2015 6.162 release. These changes are relatively small with a number of validation changes which have been published as Resource No. 23851 The current published release date is Friday 27th March 2015 but we are aware that this date falls in the Easter holidays in some Local Authorities. In addition, a number of Local Authorities have indicated that they wish schools to complete and submit their CFR during early April.
We are reviewing the release date of FMS Spring 2015 release ONLY, to see whether we could release it a few days earlier before the end of Spring term. In terms of the interfaces between SIMS Autumn 2014 and FMS Spring 2015, we can assure you that these will continue to function normally.
If you have any comments regarding the FMS Spring 2015 release date - please contact me via email [email protected], other questions around the process of the release please contact Paul Featherstone ([email protected]).
Mandie Kirk
FMS Product Manager
FMS 6.162 – Spring 2015Feature Academy Maintained Note
CFR 2014/2015 X √ Statutory Change
CFR 2014/2015 – Validation changes
CFR Heading Validation messages
CI01 The query has been removed “balance should not normally be zero”
B01
If the balance for any of these headings is negative a query message will displayed and narrative will need to be entered.
B02
B03
B05
B06
FMS 6.162 – Spring 2015Feature Academy Maintained Note
CFR 2014/2015 X √ Statutory Change
National Insurance 2015/2016 √ √ Legislation Change
National Insurance 2015/2016
• News Item – Resource No. 23723 (16/01/2015)• National Insurance – Resource No. 23722 (16/01/2015)
FMS 6.162 – Spring 2015Feature Academy Maintained Note
CFR 2014/2015 X √ Statutory Change
National Insurance 2015/2016 √ √ Legislation Change
National Insurance U21’s √ √ Legislation Change
National Insurance for under 21s
For employees under the age of 21:
• Employers will not have to pay Class 1 secondary NI contributions (NICs) up to a threshold known as the Upper Secondary Threshold (UST)
• UST will be equivalent to the Upper Earnings Limit• Over the UST, employers will have to pay NICs for
under 21s• On the month where the employee turns 21, Class 1
Secondary Employer Contributions will be payable for the whole month’s salary.
National Insurance for under 21s
National Insurance Under 21s
• A check box has been added in Salary Calculator, to indicate that the employee will be under 21 for the duration of the financial year.
• Additionally Budget Planning has been updated to include this calculation.
FMS 6.162 – Spring 2015Feature Academy Maintained Note
CFR 2014/2015 X √ Statutory Change
National Insurance 2015/2016 √ √ Legislation Change
National Insurance U21’s √ √ Legislation Change
Invoice Payment by Debit Card √ √ Blue Book
Invoice payments by Debit Card
• Record Debit Card Details
Invoice payments by Debit Card
• Record Payments against Fully Authorised Invoice or Credit Note
Direct Payment Processing Icon
Invoice payments by Debit Card
• Debit Card Payments Report
FMS 6.162 – Spring 2015Feature Academy Maintained Note
CFR 2014/2015 X √ Statutory Change
National Insurance 2015/2016 √ √ Legislation Change
National Insurance U21’s √ √ Legislation Change
Invoice Payment by Debit Card √ √ Blue Book
Reporting Changes √ √ Change Requests
Changes to Reports in Spring
Changes to Reports in Spring
Changes to Reports in Spring
Additional reporting options • Chart of Accounts • Personnel Links, Salary Projections
Changes to Reports in Spring
Historical Un-reconciled Bank Transactions report
• A change has been made to Historical Unreconciled Bank Transaction report to identify transactions that have been reconciled in a future period
• All new format reports now allow data to be exported to .CSV, .TSV and .XML as well as Word, Excel and .PDF
FMS MultiView
Spring/Summer
Trial of Consolidated VAT functionality
Autumn
Release of Consolidated VAT
FMS the road ahead
• Enhancements to Equipment Register• Record equipment not purchased through FMS• Reporting
• Hide un-used Ledger Codes, Fund Codes, Cost Centres• Flag as hidden• Hide from selection screens• Reporting
