Reporting Solution for Local Development Companies
Reporting Solution for Local Development Companies using Sage50
The Local Development sector in Ireland is a vibrant sector where partnerships deliver community and rural development, social inclusion, and social enterprise services. Due to their wide remit they have many sources of funds which need to be accounted for separately. This complexity means that most of out of the box small business accounting packages do not provide the reports required. Based on our experience of implementing Sage 50 in a number of these Development companies, we have developed a reporting solution which provide management with the information required.
We have created Sage50c departmental reports for individual programmes
This report provides Finance managers with the amount which each programme bank account needs to reimburse the Business Bank account
SICAP Lot Cost report
This report includes the Vat amounts for the SICAP report
RDP monthly report
This report shows the Leader amount as well as the Total value of the payment
We have also developed a tool, Apport50, for Apportioning invoices/payments across the various programmes based on a number of Apportionment Scenarios.
You just enter the total value of the invoice and choose the Apportionment method and it will split the invoice over the various programmes including the Vat accounting on the SICAP programme.
You can read more about this tool here.