Governance & Compliance 38: Payroll Claims at Year end
Posted on 14 March 2016 by Education Finance
Due to the changes to the corporate timescales late pay runs and supply claims relating to March that would usually be moved back into the current financial year (2015/16) will require accruals to be set up.
Schools will receive a schedule of the value of claims ‘x-backed’ to 2014/15 for them to make an informed judgement whether this can be used as the accrual for 2015/16 or whether they want to calculate their accrual based on actual information they have for March 2016. There is no backing data included in this documen; schools should refer to last year’s information for full detail. If you wish to accrue for March 2016 you will need to complete the Pay – End of Year Accruals workbook.
The same will apply to travel and overtime claims, provided these are submitted through the appropriate process.
If you have any concern as to whether an associated cost will be handled correctly please contact us.
As the first line states this is due to corporate deadlines and as we are expected by Central Government to produce the full statement of accounts 1 month earlier by 2017/18 the Authority as chosen to reduce it for 2015/16 by 2 weeks so that there is not such a drastic change next year.
Payment advices are available to view on the 20th April for Teaching Staff and 26th April for Non-teaching Staff as the earliest. Therefore we cannot x-back the information as the accounts will be closed.
If you chose not to provide any revised figures we will assume that you think these are suitable suggestions. If you do not want to include any cost for say travel as it is not required this year please advise the EAL finance team.
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