Management Accounting is often placed in the “too hard basket” but it can be critical to business survival and achieving success.
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 But behind the polished presentation of a thriving independent school lay a hidden tangle of misaligned systems, outdated processes, and data you couldn’t quite trust.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.
Precision discuss how an inadequate GL structure can impede school operations and cost the school significant amounts through process inefficiencies and budget risk.
A wise person once said, “You don’t know what you don’t know”… so how can you obtain a shortlist of all the things you don’t know about how your School Business Office is performing? Process Reviews are a great way to identify how the Business Office can innovatively work with all parties in the School community more efficiently and effectively.
