Charities and Education update: Department for Education Chart of Accounts latest guidance
Monday 20 June 2022
The Department for Education’s (DfE) chart of accounts was introduced in spring 2019 and, although not compulsory to implement, it has been encouraged since being released. More recently it has received greater emphasis, with the DfE now expecting trusts to adopt it. Whilst it will take some time and effort to implement the chart of accounts, once adopted there are many benefits, further detailed here.