Detailed guidance on accounting for transactions correctly in March & April and the trial balance integrity review guidance is available to assist in the preparation of the 31st March close. These can be downloaded from the Finance Toolbox
Closure of the March accounting period should not be performed until the month end checks have been actioned. The checks include:
- Clearance of control accounts
- Capitalisation of fixed assets
- An up-to-date fixed asset register
- An up-to-date accruals register
- Clearance of old commitments and orders
Please note, academies should run the Month End Report Set - Section D: Actions for 31st March (or the nearest appropriate date), section D2.