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.

March 2017
  • 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
  • PayPlan
July 2017
  • Citizens Advice
December 2017
  • Christians Against Poverty
  • Money Advice Trust
January 2018
  • StepChange Debt Charity
April 2018
  • Accountant in Bankruptcy
Trade / membership bodies

Members of the following associations will be implementing SFS throughout the 12-month transition period:

  • Advice UK
  • BBA
  • CSA
  • DRF
  • FLA
  • UK Cards Association