What’s New in PFM – Version 07.02.00Eq (Feb 2026)

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Our current version of PFM is 07.02.00Eq. Versions are sequential, so, for example, 07.00.00Aa is 10 versions older than 07.00.00Aj.

 

You may be perfectly happy with your current version, but upgrading gives you access to a host of new features and improvements added since your last update.

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Here’s what’s new in PFM, added in the past few upgrades:

 

File Menu Enhancements

• Import Students: Record transactions for each student efficiently.

• Automatic Imports: Supports SIMS, BromCom, Arbor, Progresso, Integris, Wisepay, and a Global Student Import for any source.

• Pre-Admissions Import: Process payments for students before they are officially on roll.

• GDPR Compliance: Remove unnecessary data from previous periods to meet GDPR requirements.

• Enhanced Security: Add usernames, passwords, and assign access levels for improved data protection.

 

Tools Menu

• Pupil Premium Management: Set up and track manually or via online payment systems.

• Database Maintenance: New tools for checking and repairing your database.

 

Accounts Maintenance

• Group Codes: Add shortcodes to group headings for streamlined reporting and subtotals.

• Closed Accounts: Mark finished accounts as ‘Closed’ to keep drop-down menus clean.

• Attendance-Based Contributions (ABC): Automatically calculate fees for afterschool, breakfast clubs, or nursery sessions based on attendance.

 

Transaction Entry

• Automatic Imports: Seamlessly import payments from ParentPay, Schoolcomms, PMX, iPayImpact, Arbor, and others.

• Bank Statement Imports: Record parental payments directly from bank statements.

• Gift Aid Management: Process donations, including bucket collections or individual payments, with automatic HMRC spreadsheet generation.

• BACS Payments: Issue payments with email or print remittances.

• Clear Navigation: Red/green tabs distinguish receipt and payment screens.

 

Bank Reconciliation

• Flexible Reconciliation: Unreconcile bank statements if needed.

• Printable Reports: Print all transactions or reconciled items only, to simplify auditing.

• Automatic Reconciliation: Online payments imported in batches are reconciled automatically.

 

Invoicing

• Comprehensive Module: Create invoices for parents for clubs, transport, nursery sessions, and more.

• Itemised Invoicing: Break down hours and charges clearly.

 

Reporting

• Excel Exports: All reports can be exported for further analysis.

• Integrated Emails: Send communications to debtors or trip attendees directly from PFM via Outlook.

 

Period End & Backups

• Flexible Backups: Save backups to external devices or personal folders.

• Automatic Safety Nets: Six automatic backups taken by the system for extra security.

• Year-End Procedure: Complete year-end close with detailed audit reports.

 

Upgrading to the latest version of PFM ensures you benefit from enhanced functionality, streamlined workflows, and improved compliance, making your financial management simpler, faster, and more secure.