Procedures for keeping track of money in school
Find advice for keeping track of money, setting up financial controls, and using petty cash funds in your school.
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 required financial procedures you must follow
Your procedures should also be consistent with any relevant financial policies you have. The policies should set out procedures, controls, and which members of staff have responsibility for monitoring and reviewing your financial procedures.
Find support for:
- Charging and remissions policies (a statutory policy for maintained schools, academies and free schools)
- Finance policies (this article is for maintained schools)
If you simply ask staff