A school must maintain a VAT & RCT file. Below is a list of supporting documents that must be kept on each file. VAT File An annual VAT file must be setup at the start of each school year. For each return period for example bi-monthly returns the following should be on the file; Copy … Continued

Overview Where a board receives construction services, other than haulage for hire, it must account for VAT on such services to Revenue. The method of accounting for VAT in such cases is known as reverse charge. The charge the sub-contractor makes to a principal contractor i.e. the school, does not include VAT. Instead the school … Continued

What is Relevant Contracts Tax? Relevant Contracts Tax (RCT) is a withholding tax system that operates in the construction, forestry and meat processing sectors. Where a principal contractor in those sectors makes a “relevant payment” to a subcontractor, RCT must be operated. The rates of tax are 0%, 20% and 35%. All RCT transactions must … Continued

Monthly Reporting Template Downloading and Setting up the Template Enter Data and the Bank Reconciliation Reports Understanding and Running the Monthly Template Reports NOTE: The FSSU have developed these templates for internal use for monitoring monthly income, expenditure, budget management, cash flow etc. The use of the FSSU internal templates is optional for schools who … Continued

Getting Started Please do not type over a grey cell as it contains a formula.   Bank Summary Page   Making Changes / Corrections   Recording Revenue Payments   Petty Cash and Credit Cards Recording Income and Payments   Reports On the individual tabs you will find blue buttons which you can click these to … Continued

The FSSU chart of accounts provides the complete listing of income and expenditure categories for recording receipts and payments. Chart of Accounts for 2025/2026 Effective for the year ended 31st August 2026 (See list of changes) Chart of Accounts (Excel) Chart of Accounts (PDF) Cairt Cuntas do Chuntasóir Seachtrach na Scoile  (Excel)

Click on below to download the FSSU monthly reporting template. *Please note Excel 2010 or newer is required to run these templates.* 2025-2026: Older Versions:

The monthly reporting template is a excel workbook that can be used to manage a school’s day to day bookkeeping activities. Below you can find links to download the template, answers to frequently asked questions and recordings of training webinars previously held. Remember the FSSU offers remote support so if you encounter any difficulty when … Continued