ACCOUNTING FOR SCHOOLS

Accounting for Schools Limited provides a wide range of management and financial accounting services, including monthly reporting, forecasting, budgeting, taxation compliance and year-end reporting to Schools through New Zealand.

Ben Duflou (Director and Chartered Accountant) provides public practice services across a wide range of industries, including extensively within the education sector.

Ben had identified through discussions with Boards of Trustees and Principals, that Trustees generally struggle to understand key aspects of a schools financial reporting process and Principals generally receiving limited financial support. Trustees specifically mentioned monthly reporting was undecipherable, overly complex and typically provided no commentary on the Schools performance.

The majority of Trustees we have spoken to mentioned that they have limited or no interaction with the schools current accounting provider with regards to explaining the monthly accounts, setting operational budgets, reviewing 5YA plans and 10 year building maintenance plans.

Accounting for Schools was specifically setup to address these issues and more, helping the Trustees to meet their governance obligations to provide robust and understandable financial information to parents and the Ministry of Education.