Contact person: Cloud-Based Accounting Software Development

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Location: Tower Hamlets, United Kingdom

Budget: Recommended by industry experts

Time to start: As soon as possible

Project description:
"We are seeking an experienced software development team (or individual developer with strong full-stack expertise) to design and build a next-generation cloud-based accounting system

1. User-friendly: usable even by staff without finance knowledge.
2. Innovative & AI-driven: predictive analysis, smart workflows, and natural language reporting.
3. Modular, scalable, and cloud-native: for use by single schools and Multi-Academy Trusts.

Core Accounting Modules
• Visual and graphical dashboard
• General Ledger Transactions
• Accounts Payable (purchase requisitions → approvals workflow → invoices → payments).
• Accounts Receivable (income from lettings, trips, parental contributions, grants).
• Journals, such as cash journals, VAT journals, internal transfer etc
• Accruals, prepayment, Cashbook
• Corrections
• Printed Cheq Run, Bacs Run
• Expenses such as Petty cash, credit card and debit card expenses.
• Banking & Cash Management (bank recs, petty cash, open banking feeds).
• Fixed Assets & Depreciation (asset tagging, QR codes, automated depreciation).
• Payroll: Payroll control and payroll payment.
• Staff Budget/Cost Modelling (multiple contracts, NI/pension on-costs).
• VAT Returns (HMRC MTD integration) & VAT126 claims. VAT reimbursement by the local authority.
• Financial statements: P&L, Balance Sheet, Cash Flow (FRS102/Academy Handbook compliant).
• Monthly Period End
• Reports, financial and management reports.

2. Specific Enhancements
• Custom Approval Workflow for purchase requisitions (multi-level, configurable).
• Budget Management & Monitoring with drill-down, commentary, and traffic-light alerts.
• Integrated Staff Costs & ICFP (Integrated Curriculum Financial Planning).
• AI tool to get the information form the system" (client-provided description)