Set out clear procedures
Clear, step-by-step procedures for handling money and financial transactions will help you keep track of funds and ensure good practice (read more about different types of procedures in the sections below).
You may have specific procedures set out by your employer:
- Maintained schools: make sure your procedures are in line with your local authority's (LA's) recommended financial procedures
- Academies: check your funding agreement and any trust-wide policies for any financial procedures you must follow
Your school's financial policies should set out your financial procedures and controls, and specify which members of staff are responsible for monitoring and reviewing them.
Find support for writing or reviewing your:
- Charging and remissions policy (a statutory policy for maintained schools, academies and free schools)
- Finance policies (this article is for maintained schools)
If you simply ask staff to read your financial policies,
