The timetable for preparing the year-end accounts is now available.
Members of staff dealing with finances should be aware of the timetable and familiarise themselves with the key dates.
Schools are able to request manual adjustments to be made to their accounts for significant items where income is received in advance of the new financial year or payments have yet to be made. Further guidance is available in the 'Accounting for goods and services letter' attached to this page.
Schools should also undertake a reconciliation of their Lloyds Imprest Account by completing 'Form A - expenditure from school allowance Imprest' which is attached to this page (to be retained at the school for audit inspection).
Schools operating a local bank account will be issued with separate guidance on required timescales for year-end returns.
The key dates for schools include:
Information about the range of financial, legal and insurance services we offer schools and academies together with documents and useful links.
Some schools will have noticed a change to the accounting treatment of the above at the year-end. Previously this issue was dealt with outside individual schools cost centres, and schools were only affected at the point of a debt being written-off.
Audit services are staffed by highly qualified and experienced auditors drawn from a wide variety of professional backgrounds embracing both the public and private sectors.
A copy of your school's Consistent Financial Reporting (CFR) return has been produced, which has now been submitted to the ESFA.
Copyright gives creators the freedom to decide what happens to their creations. You may use someone else's work only if you have permission by the copyright owner or if the law allows it.
Changes to the way the Early Years (EY) funding for maintained schools is to be shown in SAP for 2017-2018.
The range of financial, legal and insurance services we offer to schools and academies together with documents and useful links.
Issues around school lettings, particularly in relation to children's centres and extended services.
The Department for Education (DfE) and the Crown Commercial Service have developed free e-learning procurement training modules for school staff who are responsible for budgets and buying.
Your public liability insurance does not automatically cover bonfire or firework displays organised by the school.
Information regarding funding support for the purposes of risk management.
Benchmarking allows you to check how your school's finances compare with other similar schools.
This guide is a supplement to the main accounts payable and accounts receivable VAT guidance.
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