Instant Trial Guide ? Not-for-Profit Organisations

Introduction

To help you explore the potential of Liberty Accounts for your charity and additionally as a training guide you have the ability to create an Instant Trial Organisation. The User may configure an instant trial with an organisation type and features aligned to their interests. The trial entity will have current and relevant data for the User to assess and test out the entity and features. A User may only have one trial entity of any particular organisational type at a time so when a new one is created the previous one is removed. The Instant Trial Organisation will be available on the system for 28 days from the date of creation when it is automatically deleted. Simply create a new one as and when required.

This guide addresses the following topics.

To Start

Navigate to the ADD Menu and click on Instant Trial, a screen is presented that allows the User to chose the features of interest.

Select the Business Type of interest from either: -

Instant Trial Configuration

In addition to basic data some optional trial features may then be added to the entity. Select by ticking the feature require. Un-tick those not required. Note the optional features are organisation type dependant so a User may not be able to have them all on a particular entity.

In this instance ensure that Payroll is selected. When SUBMIT is clicked the trial organisation is created.

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Tour of Liberty Accounts

A basic appreciation of Liberty Accounts can be achieved if the following working tour is undertaken. Note that some screens may show different information depending on the organisation type, but the principles of the transaction remains the same.

You do not have to complete it all at one session but sign in and out as often as you desire and just pick up from where you left off. Remember you can use any suitably specified Internet connected PC from anywhere, there is no need to be at your usual PC.

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Beginning the tour

From the first screen (entitled 'Your Accounts on Liberty') select the newly created Trial Organisation by clicking on the OPEN button adjacent to the organisation details. You are now working in the entity and on the Organisation Home Page where the left hand side shows open sales invoices plus cash flow graphs with the right hand section showing open bills. Underneath are key accounts that are typically monitored (these can be amended to your chosen accounts). Home Page

Note the 🔔 symbol on the top right of the screen opens up a feature for adding, editing and reading notes.

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Adding an Additional Fund

Add a new fund to the existing funds from the Funds menu.

Funds - Add Fund
Add Fund

The Active box by default is ticked. Un-ticking will mean that whilst the details of the fund are on the system, and can be reported on, the name will not appear in data entry drop-down lists and cannot be selected.

Enter the fund name, note a fund code can be added and this can be used in file import activities.

The Default field is un-ticked; ticking this fund means that when transactions are entered this fund is automatically selected. Un-ticking would mean that the fund would need to be selected from the fund drop-down box on each transaction entry.

Each fund must have an associated Fund Type designation, selected from:-

If the Fund is a Trading Fund that requires a trading income and expenditure report in addition to being reported in the SOFA (Statement of Financial Activities), then tick the box. By default it is un-ticked. When complete SUBMIT to store.

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Allocating Income to a Fund

A legacy and donation has been received that needs to posted. From the Income menu navigate to cash/card Takings.

Income - Cash/Card Takings
Add Takings

The legacy has been received as a cheque that will need to be subsequently banked, but for now post to un-deposited funds. Both the legacy and donation are for the general fund, so leave the default fund in the drop-down. Enter the details of the legacy transaction and click on SAVE ITEM then click ADD ITEM to enter the donation. Note in this case the donation is being allocated to an activity by selecting from the line item activity drop-down. to complete.

To see the impact of this and other transactions run a SOFA report.

Reports - Statement of Financial Activities - Income & Expense
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Run a SOFA (Statement of Financial Activities)

From the Reports menu select Statement of Financial Activities

Reports - Statement of Financial Activities - Income & Expense
SOFA Report Preparation

Click on GENERATE to prepare a screen displayed report. The user may drill-down on individual lines to see the underlying transactions. The report can also be downloaded in PDF, XLS, or CSV format. Alternatively you may save a copy of the report on Liberty to be viewed from the menu option:

Reports - Saved Reports
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Paying an outstanding bill

A supplier bill is overdue by many days (30 or more) and needs to be paid immediately.

Use Pay Bills accessed via Expenditure menu.

Click on Community Food Supplies UK and the screen will present the bill(s) outstanding for that supplier.

Pay Bills

Accept the date (as today) and select the method of payment as an Online Payment Select the Current Account in the bank account drop-down. A reference may be entered if required. Tick the box against the bill being paid (in this case invoice SD002956 for £3,900.00). Click on SUBMIT to record the payment.

The screen returns to the list of suppliers with outstanding bills. A blue PRINT button is briefly visible on the top right of the screen this produces a printable remittance advice.

Pay Bills Print

Note the remittance advice may also be printed from the lists of payments.

Expenditure - Payments & Transfers - from Action BOX adjacent to the relevant payment - Open - Print

To see the impact, go to Expenditure menu and select Bills/Credits Notes. Enter a From Date four months earlier and Status is ALL or CLOSED. The bill is now shown as paid and the transaction locked. On the Home Page the Unpaid Bills Aged Summary section has now been updated.

List Bills

Note clicking on the network symbol will open up a dialogue showing the details of the payment allocation.

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Employee Expense Claim

An employee expense claim (or a mileage claim where the employee is using their private vehicle for a business specific journey) can be recorded as a repayment to the employee either directly as a bank transfer, or if the employee is a director via the Directors current account or included with the net pay via a payroll run. A hard copy of the expense or mileage claim is available to be distributed (or signed off) to the employee. Expense and mileage claim are accessed via the Expenditure menu.

Expenditure - Add Expense Claim (or Add Mileage Claim)
Expense Claim

Select the method of reimbursement, in this case Payroll. In the A/C field select the Expense Claims from the drop-down list to make the reimbursement via a payroll run. Select the Claimant. Enter a reference if required and amend or leave the default date. Click ADD ITEM; Select Printing and Stationery Costs from the Account drop-down. The Gross Amount as £75.00. SAVE ITEM to confirm the line item and add additional lines. Click SUBMIT to record the transaction.

The expense claim can now be reimbursed in the next payroll run as an additional amount to the net pay. See below.

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Payroll

The system has a fully integrated payroll. The following is a very brief overview of it use. The current income tax year has been pre-set, and can be inspected by navigating to the Payroll menu.

Payroll - Configure Payroll - PAYE Settings

Some pay elements have also been set up in readiness to create a payroll. The pay elements are:-

These two may be inspected, amended or added to (for say an Overtime element) by navigating to

Payroll - Configure Payroll - Payroll Elements

Details of tax codes, employment dates and rates of pay for each employee have also been pre-set but can be reviewed and changed if required by going to the Manage Employee menu.

Payroll - Manage Employee

A screen is presented that lists all employees and by clicking the Action Box offers access to their employment details, the Tax & PAYE data, their pay, deductions and pension details. Note: - When running regular payrolls pay data can be amended in a Quick Pay/Deductions screen and does not require a user to edit each employee individually.

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Running a Payroll

As all the necessary information has been pre-set, simply go to the Payruns menu and run the payroll.

Payroll - Payruns
Payruns

Select PAYE Payment Date in this case the Date Paid is the 30/04/2018. Click SUBMIT. The Payrun is now displayed in the redrawn screen.

Calculate Payroll

Now import the expense claim by clicking IMPORT EXPENSES and click Add to Pay the particular claim. Click SUBMIT.

Import Expenses

CALCULATE the payroll and the screen redraws again with the status updated and the FPS ready to file and close the payroll.

File FPS

Navigate to reports for payslip and payroll run summary

Payroll - Reports - Payslips or Payroll Run Summary etc.
Payroll Reports

Have a look at the reports available including payslips, payroll run summary and P11 deductions work sheet.

Note further information of payroll and payroll processing is available from Payroll Overview

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Closing the Financial Year

The financial year ended on the last day of the month two months before the date of the creation of the trial organisation, e.g. if created on 5th April 2018 then the year ended on the 31th Jan. 2018. Whilst the New Year is available to record transactions entries for the old year can still be adjusted until closed after which no further changes are possible.

The year-end routine is accessed via the Control menu.

Control - Batch Jobs - Close Financial Year

A drop down box offers the year that is to be closed (pending year). Select this year and click on SUBMIT to continue. A warning is displayed; click OK to complete the routine. The system confirms with a message at the top of the screen and a batch run summary screen is displayed.

Batch History

Items that were recorded in the closed year are now frozen, the status indicated by a padlock symbol. If an attempt is made to enter a transaction into a closed year, the system will prevent it. Staff with the appropriate access level will be able to enter a Journal to a closed year.

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Continue to try out features

Liberty Accounts offer a range of fully integrated features such as Bank Statement download, P11D Benefits and Expenses (with online filing through the Government Gateway for RTI payroll submissions and P11D?s).

To explore some of our other features that are not currently activated in the trial company then go to

Control - Organisation Profile - Optional Features

Tick the optional feature(s) you wish to explore and click SUBMIT.

Liberty Accounts recommend that you try out as many things as possible. The organisation is trial and is made available to experiment with without restriction. Help exists for all pages, click on the Help menu.

Don't forget that you can see and use your accounts from any suitably specified internet connected PC from any where, there is no need to be at your usual PC. Also remember two or more persons can be using your accounts from different PC's at the same time, so reviews of data and results with, say your clients or advisor, can be efficiently and readily completed.

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