This service includes the end of year closure in line with the requirements of the Education Funding Agency (EFA) which includes the following:

  • All essential month end procedures
  • Performing of a preliminary close
  • Any necessary end of year adjustments such as accruals, prepayments, receipts in advance etc (in conjunction with the academy finance team)
  • Rollover carried forward in financial return reconciled to the academy accounting system
  • Posting of the correct Fixed Asset and Pension Liability balances.

Note: Academies may require additional processes and this can be undertaken in consultation with your nominated accountants to feed into your Annual audit.

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