Management accounts for academies
As an academy trust, you are required to produce management accounts every month and these must be shared with your chair of trustees, irrespective of your trust size. You must also share the accounts with the remainder of your trustees at least six times a year.
Your management accounts will set out your trust’s financial performance and they need to include an income and expenditure account, a variation to budget report, cashflows and a balance sheet.
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These accounts will provide your trust with valuable information each month to enable you to adapt quickly to changes and they will also help with effective strategic decision making.
We can prepare your management accounts and also help to summarise them into useful information which can be used for forecasting and planning.
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