SFS implementation timelines
The Standard Financial Statement launched on 1 March 2017 when several organisations began using the new format.
However, a transition window will run for around 12 months from 1 March 2017 to allow time a wider group of organisations to implement appropriately.
Members of the SFS Pre-launch Governance Group have given the estimated timelines below for their implementation of the SFS.
- AdvicePro (the case recording software began offering a SFS option for its user organisations from 1 March 2017, allowing them to transition when appropriate)
- The Insolvency Service England and Wales transitioned internal systems to use SFS from mid-March 2017
- Citizens Advice
- Christians Against Poverty
- Money Advice Trust
- StepChange Debt Charity
- Accountant in Bankruptcy
Trade / membership bodies
Members of the following associations will be implementing SFS throughout the 12-month transition period:
- Advice UK
- UK Cards Association