By organizing and recording financial transactions at schools and academies in a systematic manner, we are engaged in offering the best bookkeeping services to the educational sector.
Adequate Bookkeeping has extensive knowledge of the educational sector's operations. We are aware of the crucial function accounting plays in the field of education, as well as the various degrees of components that are involved. The accounting function of the education sector is thought to be fundamentally dependent on the identification of these components.
Why You Should Use MERU ACCOUNTING for bookkeeping Services?
It becomes crucial for your personnel to have a proper grasp of financial responsibility if you recently converted to an academy or if you are preparing to do so. We are here to help if this is the case. When a school considers leaving the academy status, our primary goal is to offer the finest service possible while offering free consultation.
Importance of Accounting in the Education Sector:
1. TO ENSURE THAT ASSETS ARE SAFEGUARDED.
The huge investments that are made in the educational sector made it prone to fraudulent activities and asset misappropriation. These assets can however be safeguarded by having and running a formidable accounting information system that will significantly strengthen the internal control of a school.
2. TO MAKE LEARNING A SWEET EXPERIENCE.
Schools must maintain accurate accounting records to make sure that no officers who should know better have embezzled any funds. Theft in schools might result in strikes, which could cause the economy to break down and the educational system to collapse. Students will have a wonderful learning experience if schools run smoothly.
3. TO SHOW STUDENTS EXAMPLES.
A significant course that is offered in the majority of schools is accounting. And if the school doesn't have proper books of account, that will be horrible and untold. The teachers will be looked up to by the pupils as they put what they learn in the classroom into practice.
4. BILLING TO PARENTS OR GUARDIANS.
Billing and producing an account statement for parents or guardians will be quite challenging without accounting in a school environment. I concur that a wide variety of accounting software is available that can generate both bills and statements. These programs are based on accounting systems, though.
5. STEWARDSHIP FUNCTION.
Nowadays, the majority of schools operate independently from their owners, making some form of stewardship reporting essential. This stewardship reporting is made feasible using accounting.
2. WITH THE EDUCATIONAL INDUSTRY EVOLVING WITH THE USE OF TECHNOLOGY, MANY SCHOOLS AND
COLLEGES ARE LOOKING FOR A SKILLED FINANCIAL ADVISOR.
3. As a CPA firm Meru accounting has
served its accounting and
bookkeeping service to various
Schools, Colleges, and Universities
We also take care of the different
state and central government
compliances of schools, colleges
etc.
Helping them to manage its finances
and operational efficiency.
4. HOW DO WE MANAGE
FINANCE OF EDUCATION
SECTORS
Meru accounting understands its
unique challenges and offers
professional services to schools,
colleges, universities and any form
of education institutes.
With technological advancement, the
education sectors are facing additional
responsibility of maintaining the
different facilities, accountability for
public funds, maintaining education
standards etc.
5. From registering students and teachers to
calculating and scrutinizing the monthly profits to
managing receivables and revenues, we take
care of everything.
6. THE EDUCATION BUSINESS NEEDS A MONTHLY ANALYSIS OF
PROFITS TO ENSURE THAT THE BUSINESS SUSTAINS IN THE
LONG RUN.
THEREFORE, WE TAKE CARE OF THE BOOKKEEPING FOR
YOUR EDUCATION BUSINESS FROM RECORDING STUDENT
MASTER TO REPORTING OF PROFITABILITY PER COST
CENTER.
WE ALSO TAKE CARE OF THE BOOKKEEPING BUSINESS BY
TIMELY INVOICING THE STUDENTS, WHICH ENSURES THAT
THE REVENUE IS PERFECTLY RECONCILED.
7. INDICATORS IN THE EDUCATION BUSINESS THAT NEEDS TO
BE TRACKED
• Number of students
enrolled versus
teachers allocated
• Marginal cost for new
students.
• Cost per student on roll • Student attrition ratio
8. WHY CHOOSE MERU ACCOUNTING?
THE RIGHT PLACE
• Ensures accountability of the public
money, they control.
• Monthly analysis of profit.
• Recording student master and
reporting of profitability and
marginal cost per new student etc.
• Virtual accountants that serve you
remotely.
• 24 x7 accessibility and response.
• Customized service to the client with
chat, mail and skype support.
• We serve across to countries – USA,
UK, New Zealand, Australia and
Singapore
Outsourcing to us may sound
expensive as compared to the in-
house accountants. We
understand the concern over the
fees of outsourcing a financial
consultant.
THE RIGHT PEOPLE THE RIGHT PRICE: