Records overview

The Records area is where you define the categories that you need for organising your school’s financial transactions. Arbor Finance uses four different sets of records to do this:

• Budget Records
  These include your various Budget Accounts, and the Budget Headings and/or Budget Groups that you use to organise them. Here you also set up the Profile Types that can be applied to the Budget Accounts.
  You need to set up Budget Records before you can start to record transactions.
• Analysis Records
  These include your various Income and Expenditure Analyses, and any Reporting Links that you use to group transactions for analysis.
  You need to set up Analysis Records before you can report on your financial performance and status.
• Account Records
  These include your various Income Sources and your Suppliers, with details of Alternative Payees that collect payments on their behalf.
  You need to set up Account Records before you can start to record transactions.
• System Records
  These include a VAT Table and your supplier catalogues if applicable.
  You need to set up System Records before you can start to record transactions.