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Finance

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Rounding issues on iFinance

Now that VAT is implemented on private schools, some bills have rounding issues that are affecting the total gross invoice amount. There isn't a way around the rounding errors of units and the VAT amounts to ensure the gross amount comes to the co...
Guest 9 days ago in IRIS Ed:gen & iSAMS / iFinance 0 Awaiting Review

Fee Billing cycle name for reference in customer statement

Whenever we post the invoices issued from Fee Billing (iSAMS) to iFinance, the Our Ref / Internal Ref field in the customer statements is filled with the invoice number in iSAMS. But there is no description whatsoever on what this invoice is for o...
Guest 7 days ago in IRIS Ed:gen & iSAMS / iFinance 0 Awaiting Review

Applying VAT to journals

Other accounting systems allow you to choose a tax code when posting journals, if I need to do adjustments I can't currently do so. The vast majority of journals would be no VAT but things like the Tour Operators Margin Scheme on trips, we need to...
Guest 17 days ago in IRIS Ed:gen & iSAMS / iFinance 0 Awaiting Review

Customer Statement to show all transactions

Currently iFinance only shows the outstanding transations for customer statements and it is not very helpful when parents or customers need to reconcile all the spending and payments done. Therefore, it would be helpful if there was an option to g...
Guest about 1 month ago in IRIS Ed:gen & iSAMS / iFinance 2 Awaiting Review

Tax Codes on Approval Emails

Currently when I'm approving invoices I can see how much the tax (VAT) is, but I cannot see what code that has been applied to, ie if it has gone to a partial exempt code or not, It would be great to see the code included into the email that I get...
Guest 17 days ago in IRIS Ed:gen & iSAMS / iFinance 0 Awaiting Review

Journal Approval

Approval of Journals prior to posting to the GL in iFinance as an internal control measure for different levels of staff members in a department.
Guest 18 days ago in IRIS Ed:gen & iSAMS / iFinance 0 Awaiting Review

Auto match within AccountsIQ

I've suggested this idea on several previous occasions, and I'm confident I'm not the only one who would find it extremely valuable. It would be incredibly helpful to introduce an auto-match function that works on both the Sales Ledger and Bank Im...
Guest 3 months ago in IRIS Ed:gen & iSAMS / iFinance 1 Awaiting Review

Allow fee discounts to be applied to the net fee once VAT at 20% is applicable

With the introduction of VAT at 20% on tuition and boarding fees from Jan 2025 this will change how we apply fee discounts such as bursaries, scholarships, sibling discount, staff discount etc. We understand from the Government's draft legislation...
Guest 2 months ago in IRIS Ed:gen & iSAMS / Fee Billing 4

Ability to see the VAT codes in the Transaction Browser & GL Drilldown grids

At the moment the grid options/customisation in Transaction Browser & GL Drilldown does not offer VAT code as a field to display. This would offer a quick way to check that VAT codes used for transaction processing are correct without having t...
Guest 12 days ago in IRIS Ed:gen & iSAMS / iFinance 0 Awaiting Review

Active / inactive toggle on VAT codes

It would be good to be able to make old VAT codes (eg pre Brexit codes) inactive to prevent accidental posting to them. Improves accuracy and most other accounting software have this capability.
Guest 12 days ago in IRIS Ed:gen & iSAMS / iFinance 0 Awaiting Review