Focus - XL

To aid consistent reporting across all Academies within a Multi-Academy Trust, Focus-XL pulls data straight from your finance system and prepares a number of reconciliation and management reports.

Focus-XL was built in collaboration with a number of multi-academy trusts to address one particular problem.

 

How can you be sure that each school in your MAT is preparing their monthly reconciliations in the same way? If they’re not, how can you be confident that a consolidated report is accurate?

Focus XL pulls data straight from PS Financials and automatically prepares a number of reconciliation and management reports.

These are reviewed by the Academy and commented on where variances exceed your own materiality limits or where a reconciliation requires further information. For example, the Bank Reconciliation does not match the Trial Balance or you have Debtors that exceed an ageing date that the trust would deem unacceptable.

What else can Focus -XL do?

 

  • Focus-XL uses security to ensure that users can only see the Academies they are allowed to.

  • All data and reports can be easily copied/pasted to other Microsoft Office products if your need is for a separate report to be created.

  • There is also a handy print option to be able to create a reporting pack that will be structured the same across the board. 

  • Focus-XL Consolidated is provided free of charge for any trust that purchases more than one licence and offers a suite of consolidation reports and KPIs that pull data from all Academies. 

FORECASTER

It’s not always necessary to use a full-on budgeting system to prepare a monthly Forecast. In circumstances like this, wouldn’t it be ideal for Focus-XL to allow you to dynamically change your current profiled budget and for that to then be imported back into PS Financials?

Focus-XL now incorporates a tool called Forecaster. Forecaster presents the user with actual and budget balances per nominal for each accounting period. Actuals are shown for each period up to and including the current reporting period and then, the remaining periods show the profiled budget data. It is this budget data that can be altered (it locks the actuals automatically) to prepare a forecast which can then be imported into PS Financials.

Once a forecast is complete, this is also reflected in the main Management Accounts report of Focus-XL.