Localtech Core
Council finance, from purchase order to bank reconciliation.
The ledger and the work around it: paying suppliers, raising invoices, ordering, reconciling the bank and reporting GST. Postings are approved by a second officer and can be traced afterwards.
Built and in council testing.
What is in it
General ledger and chart of accounts
A chart of accounts built for council reporting. When an account is created, Core writes its code and links it to its line in the financial statements, its note and its Consolidated Data Collection line.
Journal entries
Manual, standing, template and auto-reversing journals. Each is approved by a second officer within their delegation. A posted journal is corrected by a reversal, never by editing.
Creditors
Invoices, credit notes and order-linked invoices with tolerances. Payment runs, EFT files and remittances. Withholding where a supplier has no ABN. Invoices can be scanned or emailed in: Core reads them with AI, matches the supplier by ABN and checks for duplicates.
Debtors
Invoices, receipts, write-offs, refunds, interest and statements.
Purchase orders
Requisition, quotes, approval, commitment and goods receipt, with a three-way match of order, receipt and invoice.
Contract register
Contracts with their claims, retention and variations.
Corporate cards
The council's card register. Finance imports the bank's card statement, matches each line to its receipt and codes it to the right account, GST and job. The cardholder acknowledges the statement, their supervisor approves it, and Core posts one journal per statement. Receipts photographed in the Receipt Reader AI app arrive as drafts for finance to match.
Delegations and approvals
Delegations set who may approve what. Approvals can also be given on a phone.
Budget control
Budget adoption, revisions and monthly phasing, with a budget check when an order is approved.
Bank reconciliation
Imports bank statement files, matches automatically where it can, and locks a month once a second person approves the reconciliation.
GST and tax
The BAS prepared from the ledger, the taxable payments report and fuel tax credits.
Recurring payments
Payments that repeat on a schedule.
Ask for a briefing on the areas your council cares about.
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