Accounting and Bookkeeping Services for Educational Institutions
Accounting Bookkeeping for Education Institutes
Accurate financial management is essential for educational institutions to maintain operational efficiency and meet compliance standards. Bookkeeping services ensure effective tracking of revenues, expenses, grants, and scholarships while enabling informed decision-making. With tailored solutions, institutions can focus on their mission to educate while leaving financial complexities to experts. Professional bookkeeping also fosters transparency and trust among stakeholders.
Accounts Receivable Services
Efficient tracking and collection of tuition fees, grants, and other receivables.
Accounts Payable Services
Timely processing of vendor payments and managing operational expenses.
Inventory Management Services
Monitoring and control of supplies, equipment, and educational materials.
Payroll Processing Services
Accurate and timely payroll for faculty, staff, and contractors.
General Ledger Maintenance and Reconciliation
Maintaining and reconciling financial records for accurate reporting.
Budget Preparation and Analysis
Developing and reviewing budgets to align with institutional goals.
Risk Management and Internal Controls
Implementing safeguards to minimize financial risks and ensure compliance.
Audit Preparation and Support
Assistance with audit readiness and responding to auditor inquiries.
Sales Tax Compliance
Ensuring adherence to applicable sales tax regulations.
Grant and Project Accounting
Tracking and managing funds allocated to specific projects and grants.
Bank Reconciliations and Cash Management
Balancing accounts and optimizing cash flow for operational needs.
Financial Planning and Forecasting
Basic Plan($250/month) |
Advanced Plan($450/month) |
Elite Plan($850/month) |
| Invoice/bill processing | Monthly Bookkeeping - AP/AR postings | Unlimited Transactions |
| Basic Inventory Tracking | Month-end journal postings | Unlimited Invoices with Advanced Tracking |
| Monthly Sales Tax Processing | Payroll Processing | Payroll Processing |
| Basic Cash Flow Monitoring | Monthly Sales Tax Processing | Streamlined R2R process with compliance checks |
| Bank reconciliations, vendor reconciliations and credit card reconciliation | Bank reconciliations, vendor reconciliations and credit card reconciliation | Integrated Inventory Control and Financial Analysis |
| Cleanup activities | Real-time Cash Flow Analytics and Strategic Planning - | |
| Bank reconciliations, vendor reconciliations and credit card reconciliations | Integrated Inventory Control and Financial Analysis | |
Monthly Financial Reports |
Monthly Financial Reports |
Monthly/Yearly Financial Reports |