Finance & Accounting
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 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.
Our Finance & Accounting support includes:
Budgeting
- Annual & Multi-Year Budgets with Cash Flows
- Revisions On Demand
- Updated Monthly Budget Forecasts
Financial Statements
- Monthly Year-To-Date Financial Statements
- Cash Flow Projections - Monthly
- Financial Statement Analysis - Monthly
- Customized Financial Analysis
- Support Resolving Financial Issues
Accounting
- Journal Entries & Transaction Recording
- Fund Accounting
- Bank Reconciliation
- GAAP, GASB, SACS Compliance
Non-Classroom Based Compliance
- Monitor SB740 Budget Compliance
- Full-Funding Determination
Accounts Payable & Receivable
- Revenue Verification
- Revenue Collection
- Accounts Payable Processing
Purchasing
- Vendor Selection
- Assistance On Big-Ticket Items
Government Financial Reporting
- Preliminary and Final Budget
- Interim Financial Reports
- Audited Financial Reports
Audit Support
- Compliance Training
- Single Audit Act of 1984
- IRS Form 990 Support

