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This model automatically produces the journals and subsequent Collection Fund and General Fund positions for compliance with the 2016/17 Accounting Code of Practice and statutory requirements for council tax, for Billing and Precepting Authorities. It can provide assurance and audit trail to your accounting approach for year-end and can also act as a monitoring and forecasting tool throughout the year.
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The model also produces the figures to be communicated to major preceptors at year-end to action their own such accounting requirements. Precepting authorities can use the model to comply with the 2016/17 Code and statutory requirements if they can obtain the relevant information from their billing authorities.
Accounting for NDR Model 2016-17 (England)