Revenue Commissioners

Recording Payroll Taxes

To record a payment to Revenue Commissioners for payroll taxes i.e. PAYE/PRSI, USC you will need a breakdown what taxes were deducted from each relevant staff member. Use the gross net report from your payroll package or if payroll is outsourced, request the report showing the breakdown of the payment into the relevant wage categories such as:

4110 Substitute Teachers Expense Expenditure Education Salary
4111 Privately Paid Teachers Expense Expenditure Education Salary
4196 Bus Escort Wage Expense Expenditure Education Salary
5010 Caretaker Wages Expense Expenditure Repairs, Maintenance & Establishment
5110 Cleaners Wages Expense Expenditure Repairs, Maintenance & Establishment
6010 Clerical Officers/Secretarial Wages Expense Expenditure Administration


If the payroll information is not available, then temporarily record the payment for PAYE/PRSI, USC to:   

4198 Other Educational Salaries Expense Expenditure Education Salary

*This is a temporary solution. Request a gross to net report from your payroll provider as your management reports will not be accurate.*

Recording RCT/VAT

If the payment to Revenue relates to VAT & RCT, you should record the payment using the same category used to record the payment to the subcontractor.  This keeps the whole cost of the job in one place.  Suitable categories include:

5310 Repairs to Buildings and Grounds Expense Expenditure Repairs, Maintenance & Establishment
5350 Repairs to Furniture, fittings and Equipment Expense Expenditure Repairs, Maintenance & Establishment
5800 Other Repairs and Maintenance Expense Expenditure Repairs, Maintenance & Establishment
5315 Minor Works Grant (Non-Capital) Expense Expenditure Repairs, Maintenance & Establishment
3940 DE Capital Building Grant Expense Capital & Reserves Contribution Fixed Assets

Building Grants

If you receive a grant from the Department for the following

  • New School Building
  • Additional accommodation
  • Solar Panels
  • Climate Action Summer Works
  • Emergency Works

Record the grant as follows

3900 DE Capital Building Grant Income Capital & Reserves Contribution Fixed Assets
3940 DE Capital Building Grant Expense Capital & Reserves Contribution Fixed Assets

*Please note you should also record all related costs for architects, engineers, surveyors and legal under the above categories

Special Class Grants

Start Up Grant €30,000 including sensory room grant

3920 DE Fixtures, Fittings and Equipment Grant Income / Expense Capital & Reserves Contribution Fixed Assets
3921 DE ICT Grant Capital Income / Expense Capital & Reserves Contribution Fixed Assets


Small Scall RePurposing Works (up to €70,000) and above

3900 DE Capital Building Grant Income Capital & Reserves Contribution Fixed Assets
3940 DE Capital Building Grant Expense Capital & Reserves Contribution Fixed Assets

 

Specialised Furniture/Equipment  / Assistive Technology

3140 Special Education Equipment Grant Income Department of Education
4919 Special Education Equipment Expense Expenditure Education other Expenditure

 

Modular Accommodation Grant

3276 Temporary Accommodation Grant Income Department of Education
5551 Rent of Temporary Accommodation Expense Expenditure Repairs, Maintenance & Establishment

 

Fundraising

3920 DE Fixtures, Fittings and Equipment Grant Income / Expense Capital & Reserves Contribution Fixed Assets
3921 DE ICT Grant Capital Income / Expense Capital & Reserves Contribution Fixed Assets

 

Small Scall RePurposing Works (up to €70,000) and above

3900 DE Capital Building Grant Income Capital & Reserves Contribution Fixed Assets
3940 DE Capital Building Grant Expense Capital & Reserves Contribution Fixed Assets

 

Specialised Furniture/Equipment  / Assistive Technology

3140 Special Education Equipment Grant Income Department of Education
4919 Special Education Equipment Expense Expenditure Education other Expenditure

 

Modular Accommodation Grant

3276 Temporary Accommodation Grant Income Department of Education
5551 Rent of Temporary Accommodation Expense Expenditure Repairs, Maintenance & Establishment

 

Fundraising

Income from fundraising can be classified as specific i.e. raised for a particular purpose or general i.e. where no particular purpose exists.

The table below gives details of how to record the fundraising income and related expenditure.

> See table

Transfer between bank accounts

Transfer in / out should only be used to record transfers between bank accounts. It should not be used when receiving or paying money to/from third parties.

Transfer in To record the amount received into the account
Transfer Out To record the amount paid out ie transferred to another bank account

*transfer in and transfer out amounts should always agree

This facility is also used to record petty cash and credit card payments from the current account

Grants

ICT grant

The ICT grant may only be spent according to the directions of the circular and have direct teaching/learning relevance.

4410 ICT Grant Expense Expenditure Education Other Expenditure

 

Other non ICT grant related expenditure e.g. annual maintenance contracts, office computer requirements, etc should be categorised as:

6355 Non-ICT Grant Funded Office Computers Expense Expenditure Administration

 

DEIS Grant

As the Deis grant has such wide application, there is no specific DEIS grant expense category.    To record DEIS expenditure, choose a suitable category and include the word ‘DEIS’ within the description.  It is possible to run reports using the description showing all instances where DEIS funds have been used.

Example: School paid €50 for bus hire using the DEIS Grant (Ensure to include the word DEIS in the description)

To review all expenditure under the DEIS grant,

  • use the payment transaction tab.
  • in the criteria section insert *DEIS* in the description field.
  • Select filter data to run a report

STAR Creative Cluster Initiative

Creative Cluster is an initiative of TE led by and in partnership with the 21 Education support Centres – ESCI and funded through the Schools Excellence Fund

3260 School Excellence Fund Income Department of Education
4815 School Excellence Fund Expense Expenditure Expenditure other Expenditure

 

Recording refunds on the template

School giving a refund

A refund should be posted to the same category it related to.  It should not be shown as additional income or expense.  See below for examples.

E.g. A parent contributes to a school tour which does not go ahead

Original income is recorded as below:

To record the refund, you can input a minus amount in the income sheet using the same category

Below shows a sample report recording the original income and related refund. This keeps the cost of school tours accurate.

School receiving a refund

The same method can be used to record refunds of expenditure e.g. DSP Illness benefit paid directly to the school

Record the refund using the same expense category used i.e wages and record the amount as a minus

If the school has a payment refunded, both the original payment and the refund are record in payments. E.g. A school pays twice for the same item or receives a refund for any reason.

Original payments record as below:

Refund recorded as a minus using same expenditure category:

This keeps the cost of cleaning material correct.

Rebates / Discounts

Where schools are in receipt of income from rebates or discounts, this should be recorded as follows

3580 Discounts / Rebates Income School Generated Income

 

Annual Subscriptions

T.V. Licence, MLRO, IPPN

To record annual subscription charges such as

  • V. Licence
  • MLRO
  • IPPN
  • CPSMA etc.
6700 Annual Subscriptions Expense Expenditure Administration

 

Annual charges for maintenance e.g maintenance contracts for repair of alarms etc should be recorded under repairs and maintenance categories.

Aladdin, Way2Pay

To record annual charges for schools MIS system and electronic income collection systems such as

  • Aladdin
  • Way2Pay
  • Easy PaymentsPlus
6730 Inschool Administration System Expense Expenditure Administration

 

Associated merchant services bank charges should be recorded as bank charges expense