It is, therefore, necessary to ensure that both income and capital are properly accounted for. Managers are required, by section 32, to keep proper accounts and accounting records, and to prepare a statement of accounts for each financial year, separate from any other accounts and 18 T his document relates to the Scottish Crown Estate Bill (SP Bill 24) as introduced in the Scottish Parliament on 24 January 2018 records kept, and statements prepared, by the manager in any other capacity the manager may have.