Preparing for the year end is an important part of the school’s financial reporting process.
The accounts personnel is responsible for completing the year-end accounts package and gathering the supporting documentation required by the school’s accountant to prepare the annual accounts.
To help you with this process, we have developed a range of resources:
Year-End Guideline and Checklist
The Year-End Guideline includes a practical checklist to help you complete each stage of the year-end process and ensure all required information is available for the accountant.
Year-End Excel Worksheet: Click here for a worksheet to assist with the calculation of unspent grants at the year end.
Webinar – Preparing for the Year End
This webinar will be held on the 18th August and will guide schools through the year-end process. > Register here
Year-End Video Series
Our short videos follow the Year-End Guideline and Checklist, with each topic covered separately. You can watch the full series or go directly to the area where you need additional guidance.
Video topics include:
- Introduction to year-end video series
- Bank
- Payroll and the Control Account
- VAT & RCT Control Accounts
- Income received in advance
- Grants received in advance
- Creditors & Accrual
- Unspent Ringfenced Grants
- Prepayments and Debtors
- Reviewing the income and expenditure report
- Reviewing the balance sheet report
- Working with the accountant
- Reports to run for Year End
These resources are designed to make the year-end process easier and help ensure the accountant receives a complete and accurate set of records.