Financial Services

EdTec helps its schools craft comprehensive, realistic budgets — income statements, balance sheets, and cash flow statements — that stand the test of time and are based on solid revenue projections and expense assumptions. Over the course of the year, EdTec provides detailed monthly financial reports and analysis on the year-to-date budget and recommends budget revisions when appropriate to account for unforeseen changes in circumstances. EdTec closely monitors the school's cash flow situation and provides short-term cash flow financing when possible to help its schools meet their obligations.

EdTec also keeps the books of its partner charter schools so financial information is readily accessible, accurate, and actionable by the director and board. EdTec handles and tracks the financial transactions of its schools, ensuring that all funds are collected from the district, county, and state, and all bills are paid in a timely way. More often than not, EdTec staff needs to work with the district on a regular basis to help them understand all the funds from different sources owed to the schools.

EdTec has implemented a new, sophisticated accounting package geared specifically to schools and districts. This package, AptaFund, allows clients to view the most up-to-date information on their accounts through a secure web interface. It has multi-user capability with various levels of access privileges so different staff at the school can initiate POs in proscribed account categories and amounts. The software is SACS, GASB 34, and GAAP compliant, and facilitates fast and clean audits.

EdTec files all required financial reports to the State, County, and District. We also work closely with the school's auditor to ensure a fast, hassle-free audit process with no audit exceptions.