Schools are permitted to have a credit card. The Principal is to be the only credit cardholder. If the board of management decides that it requires a credit card for the school, this must be formally approved by the board. This approval should be included in the minutes of the board meeting. Before a credit … Continued

The FSSU recommends the use of online banking and online payments where possible. All schools must have a business bank account and must not use personal banking eg Banking 365. Only business accounts allow for two or more authorisers as required by the Governance Manual. The authorised signatories should be the chairperson and the treasurer, … Continued

The use of credit cards are permitted in schools for online purchases. Schools may not use a debit card. Prior approval must be sought from the patron / trustee before applying for a credit card. The FSSU recommend that the board of management implement controls around the use of the credit card.

The FSSU encourages all schools who are still using cheques for the payment of wages and bills to begin using electronic or internet banking as soon as possible. Under the National Payments Plan, public sector bodies are encouraged to move towards electronic banking. Schools must use Business Banking Online which allows for 2 approvers as … Continued

E Press Release: The Department of Education and its education sector procurement hub, the Education Procurement Service (EPS), in conjunction with the Schools Procurement Unit (SPU), the Financial Support Services Unit (FSSU) and Education & Training Boards Ireland (ETBI), have established a framework of three market providers in order to provide payments solutions for schools … Continued

The FSSU recommends the use of online banking and online payments where possible. All schools must use business banking online and must not use personal banking eg Banking 365. Only business banking online allows for two or more authorisers as required by the Governance Manual 2023-2027.  The authorised signatories should be the chairperson and the treasurer, … Continued

Getting Started To begin you will need the following: Final accounts for previous years Year to date accounts Expected pupil enrolment numbers Plans /goals for coming year Income Begin with revenue – determine total resources available and identify all revenue sources. Department of Education Grants Other State Income School Generated income Other income to fund … Continued

A school budget assists the Principal in effective decision making to manage the school finances on a day-to-day basis. It creates awareness, encourages boards of management to plan ahead, control spending and ensure efficient running of the school. It is a requirement of the schools’ governance manual / articles of management as a school is … Continued

Introduction School assets are crucial to the efficient running of the school in terms of education and administration. The recording of assets in a fixed asset register facilitates the monitoring of those assets and is, therefore, a vital control in safeguarding school assets. All schools should maintain an asset register. This should contain details of … Continued