Accordio’s financial management service for schools provides a comprehensive finance service at a fraction of the cost of employing a full-time finance manager or using equivalent services from the local authority.
Completing budget monitoring reports (using the Budget Planning Software) in conjunction with the headteacher/delegated person
Preparing the annual year-end closedown return, including creditors, debtors and income and expenditure pre-payments and inputting to FMS6
Revising and updating the current BPS Budget three-year plan to support forward planning
An FMS6 health check 3 times per year before statutory returns
Processing orders, invoices and delivery notes and dealing with order queries and any resulting credit notes
Corporate purchase card transactions and statement reconciliations
Processing cheque and BACS payments – normally on a weekly basis
Processing accounts receivable or other non-order income
Controlling and reimbursing petty cash, if used
Processing salaries to FMS6 and BPS
Reconciling bank statements and manual reconciliation to FMS6
Processing monthly statement of account/school’s advance
Preparing monthly VAT claim/VAT 126 claim and reconciling control codes
Preparing Kent County Council/Education Funding Agency (EFA) financial returns
Recasting the KELSI Funding Templates
Guaranteed resolution if there any reconciliation problems.
Other financial tasks as requested and agreed between Accordio and the headteacher.
This service costs just £35 per hour with flexible, low-commitment contracts available. Call us now on 0870 490 1940 for an initial discussion.
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