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Academies chart of accounts updates for 2024/25

Date published: Date modified: 2024-06-24

The Education and Skills Funding Agency (ESFA) has released updates to the academies chart of accounts 2024/25. This update includes several new account codes and description changes that trusts need to review and integrate into their accounting systems to ensure accuracy.

Additionally, these changes are relevant for the upcoming academies budget forecast return (BFR). Trusts are advised to incorporate these new codes into their 2024/25 budgets to streamline the BFR process in the coming weeks.

The updated guidance not only helps maintain accurate financial records but also supports better financial planning and reporting. Trusts should take advantage of the detailed instructions and resources provided to ensure a seamless transition to the updated chart of accounts.

For more detailed information and to join the ESFA's scheduled webinars, visit the academies chart of accounts page.

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By SAAF Education
SAAF Education 340 110

24 June 2024

Categories

Education
Finance
budget
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