Navigating the Selection of Financial Software for Parish and Town Councils
Your Guide to Government Finance in the UK
Your Guide to Government Finance in the UK
Choosing the right financial management software is a pivotal decision for parish and town councils. It’s about understanding the complex balance between immediate needs and future growth, between cost-effectiveness and comprehensive functionality.
This guide gives you an overview of requirements you should consider.
The ability to easily produce the Annual Governance and Accountability Return (AGAR) Section 2 is essential for compliance. The software should simplify this process, ensuring accuracy and efficiency.
A comprehensive asset register within your financial management software helps track and manage council assets effectively, from acquisition to disposal, including maintenance schedules and valuations.
Effective reserves management is crucial for financial planning and sustainability. The software should allow for easy tracking and reporting of reserve funds.
Ensure the software can track and report on Section 137 spending, allowing for proper compliance and reporting on this discretionary spending power.
Compliance with VAT requirements and Making Tax Digital is a must. The software should facilitate easy VAT reporting and submission, including VAT 126 reports for reclaiming VAT.
The ability to track and justify the council's spending powers, including compliance with the Localism Act's 'General Power of Competence,' is crucial for transparency and accountability.
The software should provide an easy way to explain variances in budgeting and spending, a requirement for year-end reporting and ensuring financial transparency.
A feature that highlights payments awaiting authorization can enhance financial controls and oversight, preventing unauthorized or mistaken transactions.
Advanced tools for budgeting and forecasting on at least a quarterly basis are essential for effective financial management, allowing councils to adjust to changing financial circumstances proactively.
How user-friendly is the software? Can all team members, from clerks and admin assistants to financial officers and councillors, navigate it with ease? A platform with an intuitive interface, similar to
Scribe Accounts reduces the learning curve.
Does the software require users to have advanced financial knowledge?
Evaluate how efficiently the software manages essential tasks and workflows. Solutions designed to streamline these processes, allow access by multiple team members can significantly reduce workload and stress.
What level of customer support is available? What is the experience of the support team in local council finances? Does the software provider offer email and phone support? Is training provided, and if so, is it free or at an additional cost? It's essential to understand any hidden costs that might emerge in the long run.
Ask how regularly is the software updated with new features and security measures? Does it require manual intervention (updating software on your desktop) for updates, or are they rolled out automatically?
In our increasingly connected world, can members access the software remotely across various devices, including laptops, tablets, and mobile phones? Does the software support different levels of access controls, like aminstrator and read only access levels
How secure is the data, and what backup measures are in place? In case of unforeseen challenges, how resilient is the system?
Navigating the complexities of local government finance requires more than just traditional tools. It demands a solution that understands the unique challenges of gov finance. We think Scribe Accounts is a standout cutting-edge, cloud-based financial management application designed exclusively for parish and town councils.
Boasting over 1,200 councils as customers, Scribe Accounts is the leading platform that serves as a comprehensive financial management suite, helping Councils conduct transactions, manage year-end processes, undertake bank reconciliations, fulfil Making Tax Digital requirements, and streamline budgeting & forecasting.
As well as market leader Scribe Accounts, there are other solutions, namely
I've been using Scribe Accounts for 3 years now (the last year with a new parish council) and would recommend it to any parish clerks who are looking for a bespoke finance package which will save them time and provide great support."
Clare Dolman, Trustpilot
Copyright © 2024 Gov Finance - All Rights Reserved.