Accounts

Emani Software

The Accounts module has been designed to facilitate the following processes:

• Recording of all items of income and expenditure

Having entered the details of payments to be made, the system will generate the various banks' Faxpay proformas for those Practices using this method of payment. Alternatively, the module can be populated by downloading the Bank Statement from the Practice bank's internet banking system if this is used - thus avoiding the need for manual data entry. In either case, the expenditure item will be categorised automatically by reference to the Payee (so for example an expenditure item for Glaxo Smith Kline will have a default category of “Drugs”).

• Generation of a fully analysed Income and Expenditure Schedule for any given date range

The standard GMS/PMS Income and Expenditure headings are used, and these can be sub-divided or otherwise amended to accommodate the requirements of the Practice accountants.

• Tracking of Practice Budgets

All items can be attributed to one or more user-defined budgets (e.g. Prescribing Incentive Scheme funding, notional Staff Budget, etc.), thus making light work of budget management.

• Cash-flow forecasting

The entry of Projected income and expenditure items can be largely automated by reference to entries in corresponding prior periods. Cash-flow and Income and Expenditure Schedules can then be produced based on Actual income and expenditure up to the current date and Projected income and expenditure after the current date. In this way end-of-month/quarter/year forecasting is easy to manage and always up-to-date.

• Partners' Capital Accounts management

By allocating income and expenditure items either to individual Partners or according to a user-defined profit share ratio, each Partner can track the progress of their ‘cash' capital account.