Schools Year End Account Closure Services

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The benefits of using the council’s traded services support, is that we provide a bespoke close down service to your school’s specific needs, continuation and stability; all provided by a professional finance service dedicated to delivering a high standard of support. Our services will be continually developed and modernised in response to our system transformation project. NOVUS will help school business managers to effectively work with the council traded services team on school closure of accounts. We will also provide information sharing forums for better working relationships between school colleagues and the council traded services team.

Scope of Work

Consitant Financial Reproting (CFR) complinace check

Schools Income and Expenditure report recocnilation with Cash flow and upload return to NOVUS

Schools Balance Sheet reconciliation with Income and Expenditure and upload return to NOVUS

Review Schools bank reconciliation, accruals, schools debtors, schools creditors and school VAT returns

Prepare year end reprot for school business manager, headteacher and governors

Advise schools on various other matters such as control accounts, deficit recovery plan and etc


Why choose us?

We offer experienced, dedicated staff, most of whom have offered financial support to schools for many years.

We support all the maintained schools in Haringey Council and the traded service benefits from the strong links and information exchange within the Council core services, for example developing the school’s formula and ongoing discussions with the Schools Forum.

We have ready access to all the other elements of Council's support services to schools such as payroll, HR etc to offer a seamless service informed by in-depth knowledge of the school’s circumstances.

We aim to develop and maintain strong relationships with the schools we support so that we can offer bespoke services to suit every individual school.


Service Levels Agreement

The school’s finance team undertake to;

To provide virtual / remote support service to respond to general enquiries, queries raised are resolved within 5 working days.

Provide School account clousre services to school.

The service is based on 2 days financial support from a dedicated resourses. 

Schools are required to complete all month end process for period 12 where possible.

School Finance team will work with SBMs for submsion of accounts to NOVUS.

Take action on constructive feedback received at termly information sharing sessions.

Provide a user satisfaction questionnaire to continually develop and improve our services year on year.

Issue year end close down reports to schools within six working days following the account closure for headteacher and school business manager . 

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