privateschool

When the Numbers Don’t Add Up - A Tale from the Finance Office

When the Numbers Don’t Add Up - A Tale from the Finance Office

It started with a simple request — “Can you send me the P&L?”

In a school with world-class facilities, healthy enrolments, and millions in reserves, no one expected the financial reporting to be the weakest link. But behind the polished presentation of a thriving independent school lay a hidden tangle of misaligned systems, outdated processes, and data you couldn’t quite trust.

This is the story of how those cracks were discovered — and why every school should take a closer look at its own numbers before the questions start coming.

Term 4 2020 - Covid Crisis Crunch Time

Term 4 2020 - Covid Crisis Crunch Time

For non-government schools in Australia, Term 4 2020 will be the critical time for school management and boards to plan and respond to the impact of the Covid-19 crisis. While many Schools seem to have the attitude of “We will be ok, we will take a hit and be able to recover next year” - are they aware of the point at which they will not be ok? How many enrolments can they afford to lose? How much debt can be carried? And for how long?