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End of year journals service

The end of year journals service will complete the end of year closure in line with the requirements of the Local Authority or the EFA.​

End of year journals service

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.

Pricing

The cost of this service will be based on the amount of work involved.



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