Accounting for private educational organizations

The private education market is one of the most dynamic in Ukraine. More private schools open every year, driven by strong demand from parents who are not always satisfied with the standards and teaching approach of state schools.

We have built a successful practice providing accounting services to private schools. It is one of our priority areas, as it lets us contribute to the development of future generations.

What makes accounting for private schools different

• managing accounts receivable from parents and guardians;
• payroll and staff payments;
• monitoring compliance with tax-relief criteria;
• tracking receivables separately for in-person and distance learning;
• accounting for library holdings;
• recording the cost of meals for pupils and teachers.

Payroll for teachers and lecturers

Under our accounting services contract, we calculate teachers’ pay, which includes:

• a salary or hourly wage;
• vacation pay;
• sick pay;
• bonuses;
• tracking hours worked;
• additional payments.

In the management reports we break income and expenses down by building, class and grade level, and we report income and expenses for individual activities such as field trips, clubs and extracurricular tutoring.

Besides accounting services, we advise on setting up document workflows, preparing management reports and keeping HR records.