The Rec & Pay Account Report within Parish and Town Councils is a simple financial document showing all business transactions, including opening and closing balances. This report is particularly useful for providing a concise financial position and can be used in tandem with other reports like the Detailed Cost Centre report.
The Rec & Pay Account Report is a function within Scribe Accounts that presents a straightforward report of all business transactions, opening and closing balances. It separates out VAT into its own 'code', providing a separate line on the statement. This function can be used at any point in the year to provide a simplified position statement. However, when running this report for the year-end, ensure that your bank balances as at 31st March and the VAT balance are reconciled.
To access the Rec & Pay Account Report, log into your Scribe Accounts and navigate to menu Year End → Rec & Pay Account Report.
After generating the report, click the 'Download' button, select the desired format, and your report will begin downloading.
Once you have generated your report, you can print it by simply clicking the printer icon at the top right corner of the report.
In Scribe Accounts via the 'Filter' button, you have the option to filter the Rec & Pay Account Report to show all codes, even those with a nil balance, by selecting 'Print Codes having 0 value'. This helps provide a comprehensive overview of all business transactions. A Year End certification note can also be included by selecting 'Print Certificate', adding an official statement to the bottom of the report.