The Charities Act 2009 requires all boards of management to register their schools with the Charities Regulator. “All charitable organisations are obliged to report on their financial activities to the Charities Regulator each year. The report is pre-populated with data submitted to the FSSU by your school accountant in Feburary each year. Schools must review … Continued

School Charges and Voluntary Contributions – Schools in the Free Education Scheme The Education (Admission to Schools) Act 2018, Section 64 prohibits schools from charging fees or seeking payment or contributions for an application for admission to a school or for the enrolment or continued enrolment of a student in a school. The introduction of … Continued

The FSSU recommends the use of an electronic payments solutions package. This will facilitate the handling of payments from parents to schools electronically (including internet, mobile phone app and chip and pin), while continuing to allow parents that wish to make payments by cash, cheque, etc. The payments solutions are intended to fulfil the following … Continued

The Cash Receipts is used to record payment settlements.  Cash transactions also include transactions made through cheques and transfers. Entries in the Cash Receipts record must be analysed into appropriate columns. Columns should be headed up for various types of receipts, e.g. tours, grants, etc. Entries in the Cash Receipts record should be totalled for … Continued

Petty Cash Procedures and Controls The petty cash system is part of the school’s internal control system and should be carefully monitored.  Petty cash should be used for small payments of goods or services where the school has no formal account. The petty cash expenditure limit should be set by the Board of Management at … Continued

Recording Petty Cash This session demonstrates how to record Petty Cash transactions using the FSSU Monthly Reporting Template. Please click on the file below to view this session (Please note: You will be asked to register your details to view this recording).