Month End Financial Processes for Kent Maintained Schools

Brief Overview

Month end ensures that all transactions have been properly accounted for, which allows the school to close the accounts on the financial activity for the month and start a new month with up-to-date financial information. The month-end close is an integral process that helps a school provide accurate financial data on a regular basis to senior leaders and governors. 

There are certain documents and processes that must be followed to ensure that the accounting system is up to date and can produce reports that will enable accurate financial monitoring. 

This session will explore these processes and what the consequences might be if they are not followed or completed.