We’re excited to introduce our Apprenticeship Income Calculator, a new addition to our CRM System for Further Education and Training Providers. The Apprenticeship Income Calculator is designed to help you better understand and forecast your apprenticeship revenue.
This intuitive tool allows you to calculate your projected income for each apprentice, offering both monthly breakdowns and annual forecasts. Whether you’re planning for the current academic year or looking further ahead, the calculator provides a clear picture of your financial potential.
Key Capabilities of the Apprenticeship Income Calculator
- Automated Data Integration: Pulls key information directly from your course records, with the flexibility to add custom details.
- Achievement Payment Insights: View revenue figures with and without the 20% achievement payment – both annually and as monthly instalments.
- Yearly and Future Planning: Easily calculate funding for the current year and see what remains for the next academic cycle.
- Estimated vs. Actual Revenue: Compare projected income with real figures, factoring in Recognised Prior Learning (RPL) to ensure accuracy, helping you to make informed decisions.
Whether you’re managing a single programme or overseeing a portfolio of apprenticeships, the Apprenticeship Income Calculator gives you the clarity and control you need to maximise your financial outcomes. Find out more about our full CRM System for Further Education and Training Providers or speak to our team to see how we can help.