Choksi Tax Services (CTS) has a dedicated team for handling education School accounting operations in schools. Whether it’s a big institution or small, school accounting can be tedious and requires meticulous supervision. Even a single digit, if transposed or if there’s any miscalculation, it can lead to a series of audits and speculation.
Furthermore, to comply with the Fee Regulation Committee (FRC) directives, bookkeeping and accounting of schools can no longer be relegated to the back burner. Since 2011 , CTS has been providing School Accounting services and has thus acquired years of hands-on experience. With in-depth knowledge in finance and accounting, across all sectors, including education, we understand the common challenges that may come in the way of school accounting. Hence our school accounting services undertake all book keeping tasks, minimising the burden of account administration in schools.
With CTS school accounting team on board, you will gain a better control about your school’s financial information and expenses. Schools whose accounting is under our purview are:
CTS uses modern online software to execute operations like:
- Maintaining book of accounts
- Streamlining Fee collection (Including depositing cheques)
- Real time accounting and reporting student-wise
- Teacher/Staff Entitlements
- Payroll management
- TDS ( Tax Deduction at Source compliance – enabling the salaried staff to pay their tax as they earn every month and avoiding the burden of a lump sum payment together towards the end of year).
- Labour Compliances
We also provide School Accounting review services i.e. we set our established systems to the school we work for, monitor the in houseaccountant’s work and also assist in preparation of reports for submitting to management or FRC.
We bring the best industry practices in school accounting sector, thus helping small and medium sized schools get access to time tested solutions, commonly employed by corporate enterprises.With the support of our trained professionals in finance and accounting, you will get a better clarity of your school’s financial resources and accordingly can plan the upgradations and future of your school. Also, with systematic and timely financial documentation in place, you will be saved off the hassle of last-minute rush and coordination, in case of any emergency situation or enquiry that maycome fromgovernment and other regulating bodies.