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.
Automating the Accounts Payable function is a hot topic of discussion for finance departments, but many are discovering that the answer is not straightforward and there isn't a cookie cutter answer that they can implement. This article outlines the key areas you should consider when searching for a solution to automate Accounts Payable.
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?
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.
There are a lot of buzz words around "business process improvement" that can either excite you or leave you rolling your eyes at another vague jargon term that sounds expensive.
This blog looks at the nine key factors that must be considered when creating or reviewing any business process. Ultimately, improving financial processes will lead to having higher quality and timely financial information.
At 5:50am on a chilly Sunday morning in Busselton WA, 1,700 athletes jumped into the ocean to start a grueling Ironman Triathlon. These athletes had spent years training for this demanding course that would test their physical and mental strength and endurance.
Precision Management Accounting proudly sponsored an athlete, Adam Barbalet to compete in this event to raise money for the charity, beyondblue.
