The Bursary
The Bursary is the College’s finance team; this eight-strong team is led by the College Accountant, who has responsibility for the financial budgeting/reporting and production of College’s and its subsidiary companies annual accounts. The team’s main functions include:
- students’ and fellows’ fees and charges (battels)
- supplier payments
- payroll
- estates rent ledger
- sales ledger
- investments
- donations receivable
New College places a high value on co-operative and flexible working relationships between departments and individuals. As well as regular interaction with academic colleagues and students, the Bursary works closely with the various administrative teams within the College and with the representatives of the Junior Common Room (undergraduate students) and Middle Common Room (graduate students).
College’s finance/accounting software, Mercury, is currently used for the majority of transaction processing in the Bursary. Other systems interface with Mercury to generate student accommodation charges (Kinetics KX) and catering supply invoices (Epsys/Acquire). Excel is used extensively, particularly for reporting and reconciliation purposes. A high degree of IT support is available within the College.