Posted on 13 November 2013 by Education Finance
Can all schools that use an online payment facility for school meals, trips etc. please make sure that the income is correctly journaled off miscellaneous income to a suitable ledger code whilst also ensuring that the VAT is correctly dealt with. This is because we have noticed that a number of schools appear to have a large balance on the miscellaneous income ledger code (9389) which have not been journaled to the correct ledger code.
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