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At Streets we realise that converting to an academy status
school can bring a number of opportunities but also new
challenges and one of these new challenges is becoming responsible
for your own accounting records. It's therefore very important
to get a dedicated accounting system in place. There is a number
of packages available that will do this and at Streets we use SAGE.
SAGE is capable of both recording the day-to-day transactions, but
also generating the detailed reports needed.
SAGE will allow you to record your schools income and expenditure.
If the school generates additional income from a rental of a hall,
you will be able to raise your sales invoices, you can record all
of your expenditure, your wages, undertake bank reconciliations
and generate the VAT returns in the format required by
HMRC for academies.
At Streets we are SAGE accredited business partners this means we
undertake regular exams and training to make sure we have the
highest level of SAGE knowledge coupled with our business
experience as chartered accountants means we are ideally
suited to advise you on the right software to run your business.
We can offer our client a range of training options from the very
basics for those with no experience of SAGE at all up to
detailed reporting levels for perhaps Directors or CEOs of a
larger company and we always say don't worry.
If your knowledge is not good or you need hand helping along the
way, then we can come up and we can do that for you.
As specialist education accountants, Streets are able to
advise Governors, Business Managers and Bursars throughout
the conversion process, as well as the post conversion
leading up to the first year end.