Miscellaneous Income and Expenditure
Posted on 13 March 2014 by email@example.com
We would like to request and ask Maintained Schools to clear and no longer post journals to ledger codes 9389 (Miscellaneous Income) and 4901 (Miscellaneous Expenditure) This is because it is becoming increasingly difficult to identify certain payments and categorize what the payments are for. We would greatly appreciate if you could make an effort to clear any amounts on these two item codes before year end, and journal to an alternative code using the Schools Online Journal Transfer System. If you can not find a more relevant code to journal to, please feel free to contact the Schools Finance Team who will assist you in finding a more appropriate code.
If you have not yet signed up to use the Online Journal Transfer System, then we would appreciate if you could register as soon as possible please , as we are no longer processing journals where schools are able to use the system to transfer items within their own DFE number
If you have any queries with regards to online journals please refer to our FAQ’S in the first instance. This provides all the information required as to how to use the system, how to register, and also contains details of instances where journals still need to be processed by The Schools Finance Team, such as adjustments concerning VAT, and moving items between different school numbers.
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