Finance Overview

Synergetic contains a full range of functions for controlling the financial side of your organisation.

Accounting structure
The accounting structure incorporates the following elements, which you can tailor according to the needs of your organisation.

Element	Description
General ledger accounts	The general ledger controls all financial activity for the organisation.
Sub allocation Codes	Sub-allocations allow you to break down general ledger accounts to identify and report on expenses that you do not want to budget for at the general ledger level. For example, team projects, events or school camps.
Chart of Accounts	The chart of accounts is a group of general ledger accounts that allows you to categorise and report on income and expenditure according to different categories, for example, stationery, photocopying, books.
Divisions	A division is a group of cost centres. It may be a section or grouping of departments within your organisation, such as the administration department, junior school and senior school.
Cost centres	A cost centre will often be a department within your organisation, for example, English or R.E. (Religious Education). The cost centre code can be part of the general ledger code, or it can be arbitrary. You can optionally link general ledger codes to cost centres.
Finance reports	There are a number of finance reports that extract and report on information directly from the general ledger.

Example of defining general ledger codes
There are many different ways to define your general ledger codes. The example below shows general ledger codes linked to the chart of accounts and cost centre codes.