Monitoring & Reporting 61: Miscellaneous Income 9389
Posted on 11 March 2020 by Education Finance
As year end is almost upon us, can all schools ensure that they have cleared ledger code 9389 (Miscellaneous Income) to zero. This can be done by submitting a journal to an alternative code using the Schools Online Journal Transfer System. Once on the webpage, please navigate to the ‘School Journal Transfer System’ Tab.
There is currently around £50k on the Miscellaneous Income ledger code. We appreciate that the codes are used for a variety of reasons, however, we must ask that schools check and clear balances to a more appropriate code. Please note that we require this exercise to be completed by 18th March 2020.
This work is required to aid the Consistent Financial Reporting (CFR) return. You can use the CFR ledger code guidance to aid you in this task. Guidance can be found on the schools finance pages here. Once on the webpage, please click the ‘Coding List’ tab and click the Ledger Code link.
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