Academies

Our services to academies focus on conversion, the provision of accurate and timely management information and compliance with the ESFA's Financial Handbook:

  • Academy conversion support

  • Provision of Strategic Business Manager, Finance Director and Chief Financial Officer services

  • Process implementation

  • Ensure compliance with ESFA Academies Financial Handbook

  • Financial training

  • Staffing projections

  • Monthly budget monitoring reports/management accounts

  • Production and presentation of finance reports for governing body meetings

  • Maintenance and reconciliation of balance sheet items (VAT, bank, payroll, creditors, debtors etc.)

  • Production and maintenance of Fixed Asset Register

  • Production and submission of VAT returns

  • Budget planning/setting

  • 3 year strategic budget plans

  • Completion of ESFA returns

  • Preparation of year-end workbook and accounts

  • Production and maintenance of policies, risk register and business continuity plan

  • Ensure best value across all supplies, services and contracts

  • Internal Control Audits

Testimonial

“Whilst leading a large stand alone primary academy, I needed up to date, accurate and immediate financial reports, detailing not only expenditure to date, but clear forecasting to enable me to plan effectively.  Working with Reid Accounting provided just that, within a friendly yet highly professional accounting approach, which fitted in well with our school ethos and aspiration. I highly recommend them to academies working within our ever fast changing educational world."

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Hazel Pulley, Head Teacher

Parkfield Community School

Reid Accounting Limited

344 Canal Wharf,

Waterfront Walk,

Birmingham,

B1 1SR

 

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