Bank reconciliations, debtors, creditors, ledgers, fixed assets and financial statements. 7 resources for this area of the bursar's office.
A monthly management accounts pack shows the board where the school is against budget, cash and fees - in plain numbers, on time. What to include and how to build it.
The bank statement never lies. A clear, monthly bank reconciliation is the single control that proves the school’s money is where the books say it is. How to run one properly, and what to do when it does not balance.
Clean financial statements start with a chart of accounts built for a school. How to structure the ledger so bank reconciliations balance, the board’s reports make sense and the auditor gets what they need.
The school’s buildings, furniture and IT sit on the balance sheet, the insurance policy and the audit file at the same time. How to build and maintain a fixed asset register that serves all three.
Month end in the bursar’s office is the same small set of jobs every time. A plain-language checklist to close the month cleanly, even when school life gets busy.
The specific documents and schedules the auditor asks for, prepared once and handed over together: trial balance, reconciliations, asset register, confirmations and board minutes.
A year-end is only painful when you leave it to the last week. The full checklist to close the year cleanly and hand your auditor a file that asks no questions.
