What is an Income and Expenditure Account within Parish and Town Councils

An Income and Expenditure Account is a financial statement utilised by Parish and Town Councils to detail all transactions within a financial year. It represents the total income generated, expenditure incurred, and the split between reserves and the general fund. The account is used to present a comprehensive view of the Council's financial activities and aids in assessing the financial health of the organisation.

 

What is an Income and Expenditure Account within Scribe Accounts

Within Scribe Accounts, the Income and Expenditure Account report summarises the Council's financial activities for the year, with the prior year for comparison. It displays total income and expenditure, taking into account any adjustments made.

 

Where is the Income and Expenditure Account Report within Scribe Accounts

To access the Income and Expenditure Account report, log into your Scribe Accounts and navigate to menu Year End → Inc and Exp Account. The report will load automatically. As with all Year End reports do ensure Calculate has been run before running the report to ensure the data is up to date. 

 

 

How to Download the Income and Expenditure Report

You can download the report by simply selecting the Google ‘Download’ button, or by using the Actions button in the top right corner you can then choose the file format and the report will start downloading.

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How to Print the Income and Expenditure Report

Once you have created your report you can print it by simply clicking the printer icon in the google print bar.