Receipts & payments accounts

Receipts and payments accounts are created using a simple form of accounting that summarises all monies received and paid via the bank and in cash by the charity during its financial year, along with a statement of balances.

This type of accounting is suitable for non-company charities in Scotland with a gross income under £250,000 (unless your governing document, trustees or third party requirements specify you must prepare fully accrued accounts).

Reading this guidance will help you to understand:

• How to prepare receipts and payments accounts
• The information and documents you need to include
• What type of external scrutiny should be carried out

You can also download our receipts and payments work pack for templates and examples of receipts and payments accounting documents.