Finance Services

School Business Services offers a range of supplementary finance services that can be utilised during contracted visits, or as individual consultancy projects.

Finance system health checks

We offer finance system health checks and can project manage the implementation of recommendations.

The health check review covers:

  • Income
  • Expenditure
  • Banking practices
  • Reporting procedures
  • Statutory returns
  • Work practises and current capabilities within the Finance Team
  • The adequacy of the existing processes and procedures

Get in touch

Contact us

Contact Jeff Eden, Finance Account Manager, to discuss how we can help.

We do more than offer the health check service you need. We can also offer the strategic help our clients require.

For example, see what we can do for a IRIS Financials (Formerly PS Financials) Health Check

Consultancy support

SBS offers additional comprehensive professional finance services when you need them:

  • Finance systems and SBS Online training
  • School finance policy documentation production
  • Attendance at governor and finance committee meetings
  • Set up of various financial software system databases, including personnel modules

School office and administration review

An independent administration review enables you to ensure you have the right people working on the right tasks. Analysing roles, responsibilities, systems and processes gives you achievable and affordable solutions to help your administration run more efficiently and streamline tasks.

A comprehensive review can evaluate risk management and business continuity planning, and highlight areas for CPD.

Finance training courses

We recognise the changing needs of education and the importance of continued professional development for all staff and governors. Our specialist team has extensive experience of working in education and has a proven track record in delivering finance software and role-specific training to schools.

Finance Training Courses →

‘Academy Finances Explained’ Workshops

If you are planning to academise or have recently converted we offer a course of interactive sessions to help you understand the financial and operational differences between a maintained school and an academy.

Download PDF →

Bid writing service

School Business Services provides a simple and effective service to overcome many of the problems associated with fundraising. We provide a consultation to establish how we may help your school achieve the aims of the school improvement plan, the precise funding streams that are available to accomplish those aims and how those funding streams can be attained.

Schools Financial Value Standard (SFVS)

The SFVS replaced Financial Management in Schools (FMSiS) in September 2011. All maintained schools are required to carry out a self-assessment to ensure effective financial management of their resources. SBS can provide support, advice, guidance and bespoke training courses for governors and school staff, or carry out an independent review of the evidence to support the assessment.

Annual school fund audit

School Business Services has suitably qualified staff that can undertake an audit of your School Fund and Governors Fund accounts. This requirement forms part of your Schools Financial Value Standard.

Finance team temporary cover

The SBS finance team can provide occasional support to cover absence or maternity to help with financial administration.

Finance support & guidance for new headteachers

An individually tailored package designed to support new and aspiring headteachers going through their first year of headship. Three full day visits that could include:

  • An overview of school finance
  • Delegated financial responsibilities of headteachers and governors
  • The importance of effective medium term planning
  • Best practice in financial management
  • An overview of the Schools Financial Value Standard (SFVS)

Effective financial governance training

Twilight training sessions specifically devised to help new governors ensure effective financial management. Flexible and wide-ranging topics to cover:

  • Setting the annual budget
  • Monitoring expenditure against the budget
  • Medium term financial planning
  • Financial systems and procedures
  • Delegated authority to the headteacher
  • Financial benchmarking

Get in touch today! →

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