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Read on for a quick reminder of the resources available to help you have a smooth Year End in Scribe!
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▶️ Year End Sessions‍
The support team have been enjoying holding a number of live webinars covering Year End in Scribe, and will continue to do so during April and May. You can join the live sessions by registering at the Scribe Academy.
Alternatively, you can watch the on-demand recordings below.
- ‍Setting Up Your New Financial Year
- Getting Ready for Year End on Scribe
- Mastering Year End on Scribe
âś… Year End Scribe Checks
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‍1.  Ensure your cost codes have the correct 'Type' allocated - this allows Scribe to correctly populate your annual return figures. Read here for further guidance.
2. Ensure your accounts are reconciled and balancing to date. If you do come across a discrepancy, read here for further guidance.
3. Check that your closing VAT position matches the amount left to reclaim/due to pay. If the figures do not match have a read of our guide here.
4. Run the detailed cost centre report to review transaction allocations.
5. Confirm assets and outstanding borrowing amounts are correct as at 31st March.
6. Ensure your prior year annual return figures are feeding into the left hand column of your 23/24 AGAR. If it is your first year using Scribe, you will need to enter your prior year figures. If it is not your first year, you will need to copy your figures forward.
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đź’ˇ Download and print our Year End Checklist for Receipts & Payments or Income & Expenditure to keep track of your progress.
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🤝 Moving from R&P to I&E
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If your council needs to move to the Income & Expenditure approach because they have exceeded the ÂŁ200,000 threshold for 3 consecutive years, you will need to restate your prior year to I&E also.
Last year our Head Accountant Hannah provided a live training session for anyone needing to move from R&P to I&E. The recording can be viewed below.
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💙 Year End Help‍
Don't forget to check out our Year End FAQ's to help you through year end.
We are wishing you all a smooth year end! And if you are still struggling, or have any questions not covered by the videos or help articles, please feel free to get in touch at hello@scribeaccounts.com
