School Accounts

Term 2 Tweaks

Welcome to Term 2, the land of opportunities! You made it through Term 1’s new year duties, welcomed new children into the fold, instigated the ideas and budgets formulated in 2016, and took your school for a test drive in 2017.

Term 2 is often a great time to review and consolidate. You know the drill: What is working well? What is not living up to expectations? If you can, do a quick ‘pros and cons’ inventory of your key objectives and projects for 2017. What are the stand out things that may need tweaking in Term 2?

Things that are going well: What are the key strengths of your arena that contribute to the success? How can you celebrate, encourage, reward and do more of that?

Things that are not so flash:  Do they just need tweaking, revisiting the goals, or scrapping altogether and replacing? Does it relate to personnel, programmes, or processes? Is it a minor weakness that can be addressed, or a major failing that needs urgent attention?

Outsource or Up-skill?

Having someone take care of the annoying-but-necessary week to week stuff may be what is needed to release you to take care of the big stuff – things that contribute to the main thing – kids learning and quality staff retention. What can you outsource? What is the best use of staff time?

Investing in professional development for internal staff who handle key processes, can make all the difference to efficiency, quality of services, or delivering on compliance.

How can we help?

School financial service providers can be a source of assistance when budgets, software, financial processes or skills of support staff need assessing.

We have your back when it comes to locally raised funds, property projects, asset management, Board member education, cyclical maintenance, and budget setting. As well as that, one of our favourite things is to train staff in school financial processes (and Xero tips), or new Board members in school financial literacy.

Providing an outside ‘fresh eyes’ perspective on how things are operating can sometimes give you the resource you need to make changes. Here are three reviews that School Accounts Ltd offer for example:

  1. Processes Review. We ‘follow the dollar’ both from an accounts payable and accounts receivable point of view and let you know if there are any processes that can be practicably improved to benefit the school. This includes handling of locally raised funds.
  2. Xero Review. We take a look at how internal staff are using Xero and provide feedback and training if relevant (and keep it fun!)
  3. Specialist Review. Whether it is your budget, fixed assets, cyclical maintenance or school building projects, we can help.

Term 2 is your opportunity to shine and make 2017 the best year ever yet! Just like George Clarke’s Amazing Spaces reviews, “I’ve never seen anything like it in my life!” could be rolling off the tongue as onlookers shower their approval of your arena. Okay, we’re getting carried away. But aim for the best anyway.

We do.