Why choose One Education for School Finance
Our experienced team of School Finance Officers and School Business Managers have the financial expertise needed to give Senior Leadership Teams the knowledge, reassurance and confidence that their school finances are on track.
I have worked with One Education Finance in two schools. Their support has been invaluable, supporting me in my role as business manager and providing excellent bursary support when needed.
It’s felt like a weight lifted working alongside professionals with a wealth of financial knowledge and understanding with both academies and maintained schools.
Cheetwood Community Primary School has used the School Business Manager model from OneEducation for financial support for a number of years. The finance officer, who is a valued member of the school team, works at the school for just two days per week. This very cost effective approach offers us a bespoke high quality service which I know I couldn’t manage the budget without!
One Education Finance have been our chosen supplier for many years now and I can highly recommend the professional, quality service that they provide to support schools to achieve good financial practice & procedures even with budgets as complex as ours. A designated budget officer for the Federation enables us to achieve a consistent and standardised approach to the management of the schools budgets.
School Finance Budget Support
We specialise in school finance including budgeting, forecasting, strategic advice, benchmarking and school fund audits. Trained in HCSS, FMS6 and PS Financials, our team has extensive knowledge and experience of all aspects of school finance. With an understanding that every school is different, our support is delivered through a variety of service agreements which are designed to meet your school’s individual needs.
Absence and Transition Support
The School Business Manager is an integral role to the successful management of schools, allowing Head teachers to focus on teaching and learning. Our School Finance team offer business manager and financial administration. We provide absence cover and transition assistance during staff changes, organising bespoke support and detailed handovers to maintain the smooth running of your school.
School Business Manager Support
- Budget management
- Staffing issues
- Health and safety issues
- Asset management including premises
- All aspects of financial administration
Financial Administration Support
- Order and invoice processing
- Payment runs
- Bank reconciliation
- Petty cash reconciliation
- Recording and reconciliation of other income
Finance Staff Training
Our team has extensive knowledge and comprehensive experience of all aspects of school and academy finance and are able to provide full on-site training for all staff involved in the management of your school. Including:
- A variety of financial management systems
- Budget planning, implementation, monitoring and reporting
- Strategic understanding of all aspects of school finance
- Bespoke training packages to support staff development
We also offer a range of off-site courses which give practical hands-on training, enabling individuals to network with other school based staff in a friendly and supportive learning environment.
- FMS6 User
- FMS6 Advanced User
- HCSS Budgeting
- FMS6 Charge Card
- FMS6 Accounts Receivable
- Nuts and Bolts of School Business Management (accredited by NASBM)
Academy Conversion and Support
Our services include advice and academy finance support for converting from a maintained school to academy.
In addition to the variety of support packages available, the school finance team can also provide ad-hoc support through attendance at governor/finance meetings, attendance on interview panels for finance vacancies and provide assistance with funding bid provisions.
Preparation of Documentation
Assistance with preparation of financial data for submittal to EFA as part of application process
Consultation with LA and/or School Finance Staff regarding the preliminary close down of maintained school accounts
Liaising with Local Authority regarding the final close down of maintained school accounts
Closing Down of Maintained School Accounts
Preliminary close down of maintained school accounts
Final close down of maintained schools accounts
Academy Chart of Accounts Structure: Assistance with setting up of new academy accounts (following accounting software installation and set-up)
New Budget Planning and Forecast Returns to EFA