Subscription Content

Compliance with the Schools Financial Value Standard means that effective management of the delegated budget is required – we can help you achieve this substantial task.

Remember - to access most of our finance consultancy content you need to subscribe to our finance consultancy service.  If your school is a subscribing school please use the new weblink to access content or contact us if you have any queries: babcockeducationsw@babcockinternational.com

Core Subscription

Core Subscription

  • Two half-day visits tailored to your requirements
  • A half-day induction for new headteachers and new bursars, including a school administrators’ information pack
  • Access to the Finance Consultancy website and regular newsletters
  • Helpdesk answerphone enquiry line
  • Bursar Briefings (1 place per briefing per school/federation). Additional places will be charged.

Bespoke Consultancy

Bespoke Consultancy

  • Additional consultancy days can be purchased to provide support as required. Examples of support are:
  • Budget preparation/review for submission to Governors using the Local Authority (LA) Budget Planning Tool
  • Production of the Financial Reporting Suite reports for Governors and the LA
  • Support the production of action plans/revised forecasts where there are significant variances to plan
  • Set up of the new financial year including any required structure changes
  • Consistent Financial Reporting (CFR) mapping and review of issues versus the LA information
  • Support the Governing Body in meeting the Schools Financial Value Standard (SFVS)
  • Benchmarking as part of the SFVS requirements

Bursar Cover Service

Bursar Cover Service

Sometimes schools need a temporary bursar to cover periods of absence, gaps in employment or to help with workload at peak times.

To help your school stay on top of the transactional elements of finance, we can provide a Bursar Cover Service for any period of time, to meet your specific needs.

Some of the tasks we can cover include:

  • Processing orders & invoices
  • FMS to Finest reconciliation
  • Petty cash processing & reconciliation
  • Personnel documentation
  • Processing supply & additional hours claims
  • Pupil & personnel data returns

If you need any bursar/finance support in your school for short-term or long-term cover, you can rest assured that you will receive a professional, quality service, tailored to your school’s individual needs. Our team of Finance Advisers have extensive knowledge of  working in primary and secondary schools and academies meaning we can offer a friendly practical solution to meet your needs.

Start-Up Service

Start Up Service – Are you considering academisation?

With our support your academy will be able to open on day one with an effective chart of accounts which reflects the required reporting structure and supports the production of year end financial statements and all DfE submissions required in the first year. This combined service will provide:

  • Electronic chart of accounts and mapping tool
  • Conversion Planner checklist
  • Finance Policy template

PLUS: 2 half-days working with you to:

  • Create user defined management reports
  • Advise on funding and accounting difference for the new academy
  • Account for inherited assets

Recruitment of Finance Staff

Recruitment of Finance Staff

  • Support the process
  • Help with shortlisting
  • Question setting for interview
  • Training/Induction

Benefits of Subscription

Benefits

  • Ensure excellent value for money
  • Ease the burden of financial management with on-going support, help at year-end and assistance with everyday financial processing
  • Ensure you meet regulatory and reporting requirements
  • Increase integrity of financial and management information upon which strategic decisions are made
  • Boost school finance staff skill sets
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