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 Workbook
Click here for an excel workbook to assist with the year-end process. The workbook includes:
- An Accruals and Creditors worksheet to record outstanding amounts at the year end.
- A Ring-Fenced Grants worksheet to calculate unspent grant balances at the year end.
- A School-Generated Income worksheet highlighting income and expenditure areas that should be reviewed as part of the year-end process.
Webinar – Preparing for the Year End
This webinar was held on the 18th August. It guides schools through the year-end process.
> Webinar recording
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:
- 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 External Accountant
- Reports to run for Year End
More Resources
These resources are designed to make the year-end process easier and help ensure the accountant receives a complete and accurate set of records.