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Dan Hodgetts
Co-investment Payment Reconciliation
Edited
None
Hi, im trying to do a reconciliation of 21/22 co-investment payments prior to R14 using my R13 Apps Monthly Payment Report.
I thought it would be a simple case of looking in column FP first, then FQ will give me the total figure we should have invoiced/been paid by the employer for to date.
But on working out what 5% is of FP, the figures are (only very slightly) out. In fact FQ is 5.26% of Total.
You're working out 5% of FP, but FP is the 95% that ESFA paid, so you need to divide by 19 to get the 5% due from the employer, which is FQ. If it's an old 10% contribution one, you need to divide by 9. All mine are exactly that.
Dan Hodgetts
Co-investment Payment Reconciliation
Edited
Hi, im trying to do a reconciliation of 21/22 co-investment payments prior to R14 using my R13 Apps Monthly Payment Report.
I thought it would be a simple case of looking in column FP first, then FQ will give me the total figure we should have invoiced/been paid by the employer for to date.
But on working out what 5% is of FP, the figures are (only very slightly) out. In fact FQ is 5.26% of Total.
Am I missing something ?