Educational Institutions

Helping Educational Institutions Stay at the Head of their Class

From an accounting perspective, educational institutions often have a unique combination of challenges. While their chief business is the education of students, they must also ensure that a wide range of financial and accounting processes and controls are in place to meet the requirements of their many constituencies and stakeholders.

At Bert Smith & Co., we're experts at performing internal control reviews for educational institutions to evaluate the effectiveness of their policies and procedures in such areas as payroll, grants management, student accounts, financial aid, purchasing/procurement, budgeting, receivables, cash disbursements/accounts payable, cash receipts, registration, property management and campus security.

Based on the needs of our education clients, we're also capable of augmenting existing financial and accounting functions. To serve clients that oversee school districts, for example, we can provide on-site support services, assisting in such areas as the development of budget documents, day-to-day payroll and accounts payable operations and the preparation of financial statements and Comprehensive Annual Financial Reports. The bottom line is that we help educational institutions comply with all their relevant accounting and reporting requirements, so that they can continue to focus on meeting their primary mandates.