WHY EPM?
Finance support & strategic finance support
Whether you need extra capacity for your regular accounting cycle or more strategic advice and guidance, you can turn to EPM for a flexible, professional solution.
Why EPM?
Ways we can help
Finance support & strategic finance support
Whether you need extra capacity for your regular accounting cycle or more strategic advice and guidance, you can turn to EPM for a flexible, professional solution.
Why EPM?
Ways we can help
Finance support
We offer either remote support or a blended approach of support either on-site or off-site. Your options include:
1
Transactional tasks
We can help with the daily business of your school or trust’s finance office: processing orders and invoices, reconciling credit cards and parent pay, banking, recording income, etc.
2
Month-end accounting
This includes checking and reconciliation around payroll, bank, debtors and creditors and VAT, along with processing accruals and prepayments journals. We can produce your monthly management accounts: income and expenditure reports, cash flow, balance sheet, KPIs, and narrative reports for trustees.
3
Year-end accounting
We can support your year-end close, including liaison with external auditors and preparing audit files, year-end accruals and producing a trial balance. We can help with statutory returns (such as Teachers’ Pension and AAR) and accounting for funding streams.
4
Financial planning
We can assist with your current budget and medium-term financial forecasting, scenario planning and savings identification, ICFP and benchmarking, procurement and contract management advice, and the completion of your BFR and school resource management self-assessment checklist.
Strategic finance support
This service is ideal for school or MAT CFOs and anyone responsible for financial strategy, management and governance. It offers a ‘safe space’ for strategic discussion and peer-to-peer support.
We provide regular access to a nominated finance partner who will be on hand for half-termly meetings as well as any ad hoc queries, providing assurance and advice as needed. This includes capacity for project work throughout the year, depending on your needs. Besides year-end support with things like management accounts, auditor queries, working papers and checking your trial balance, your wide range of options includes:
1
Budgets
You may need support with advice on assumptions and sense-checking. We can carry out budget analysis project work on staffing, non-pay expenditure, the profitability of trading accounts, calculating funding streams, central charging mechanisms, GAG pooling, and more.
2
Procurement support
We can help you with tender processes for external auditors, internal assurance providers, new financial management systems or budgeting systems.
3
Benchmarking, analysis & reports
We can review your financial procedures and policy documents, and provide support in completing statutory returns such as the budget forecast return, the school resource management self-assessment checklist, and academies accounts return. We can also support and advise following internal assurance reviews and external auditor reports and recommendations.
4
Recruitment
You’re welcome to ask us to assist with interviews for finance staff – reviewing applications/CVs, attending the panel, setting questions, and setting/evaluating a task.
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