AdvantEDGE Finance

AdvantEDGE Finance allows the user to have complete control over the finances of the Council.  After using the simple facilities for entering details of all income and expenditure, numerous financial reports can be quickly and easily produced.  All financial information can be controlled for individual Committees as well as for the Council as a whole.

AdvantEDGE Finance software provides the necessary facilities for effective day to day accounts management together with Account and Audit Regulation facilities. The software is provided inclusive with a one day training course for two people which can be held either at the Council premises or at our offices in Coventry.

AdvantEDGE Compact is a version of AdvantEDGE Finance especially for small councils with an income of £30,000 or less. It will come complete with pre-set headings so that you can be up and running as soon as the software is loaded onto your computer.  It is economically priced but retains complete functionality.

Finance technical support, available on a 12 monthly basis from just £80 per annum, is recommended and provides regular minor software upgrades free of charge for download from our website. It also provides unlimited access to the Technical Support 'hotline' for any queries or problems you may encounter on a day to day basis.

The following main features are provided:-

Set-up & Daily Usage

  • Budget Headings for income and expenditure can be created and subdivided into 3 levels for even greater control
  • Estimated amounts of income and expenditure for each heading and subheading can be defined, revised and set for the following financial  year, which helps you control your budget and prepare for next year's budget
  • Virement facilities
  • Bank and Cash accounts
  • Income & Expenditure headings can be created - multiple budget headings (i.e. cost centres) can be grouped under I & E  headings, e.g. total wages for all committees
  • Daily income and expenditure details are recorded including VAT, where applicable, with easy to use accrual and prepayments facilities
  • Income and expenditure can be charged to different committees, headings and bank accounts
  • Details of cash transfers between bank accounts can be recorded
  • Section 137 expenditure can be identified at the transaction level
  • Facility to work on multiple years concurrently
  • Automated data entry fields
  • Assets Register including stocks and investments plus an insurance schedule facility
  • Journal transfers
  • Contra transactions

Information Obtainable Includes

Set-up & Daily Usage

  • Summary of accounts
  • Trial balance
  • Balance Sheet and Income and Expenditure Account produced automatically
  • Comparisons of budgeted and actual figures
  • Schedule of payments to be approved at a meeting
  • Analysis of income and expenditure by committee, headings and bank accounts
  • VAT reports, cheque reports, paying in reference reports, Section 137 reports
  • Ledger reports for customers and suppliers, income and expenditure, aged debtor/creditor lists
  • Produce statements of bank accounts with automated bank reconciliation procedure
  • End of year accounts for audit purposes with full audit trail
  • Automatic cheque printing facility
  • Invoice production facility
 
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