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This week's Finance Focus tip comes from Nicola Clay, Finance Consultant at SBS.

When budgeting for the year ahead, don't underestimate supply costs.

What methods does your school use to forecast supply cover?

#SBS #FinanceFocus #SchoolFinance #BudgetPlanning #FinancialPlanning

💡 When was the last time you reviewed your contracts?

A regular contract review can help you identify upcoming renewal dates, uncover potential savings, and avoid unexpected costs.

#SBS #FinanceFocus #EducationFinance #SchoolBusinessLeadership #BudgetPlanning #FinancialManagement #Procurement

This week's Finance tip:

When preparing monthly accounts commentaries, focus on explaining not just what is happening, but why. Providing clear context transforms data into meaningful insight, supporting strategic oversight and more informed decision-making.

#SBS #FinanceFocus #EducationFinance

Are you confident your school is receiving the funding it should?

A clear understanding of your funding streams is key to effective financial planning. Make sure you know what to expect, and when to expect it.

#SBS #FinanceFocus #SBM #EducationFinance #SchoolBusinessLeadership

💡 Scenario-plan pupil number changes annually.

Modelling best, worst and most likely case scenarios helps trusts anticipate funding fluctuations, plan staffing structures, and respond proactively to financial pressure.

#SBS #FinanceFocus #SchoolFinance #EducationFinance #CFO #TrustFinance #MATs

This week’s finance tip for CFOs is:

Develop a rolling three-year financial forecast.

Looking beyond a single-year budget improves visibility, highlights emerging risks earlier, and enables more strategic decision-making.

#FinanceFocus #SchoolFinance #CFO #TrustFinance #FinancialPlanning #MATs

This week’s finance tip for schools and trusts:

💡 Automate at least one manual finance process per term.

Even small wins (such as automating purchase workflows or payroll imports) can save significant cumulative hours across the year.

#SBS #FinanceFocus #SchoolFinance #CFO #TrustFinance

This week’s Finance Focus tip comes from Amy Phillips, Senior Finance Consultant at SBS.

💡Add a monthly “variance spotlight”.

Highlight one key area (e.g. supplies, premises) to build financial awareness and support better decisions across your organisation.

#SBS #FinanceFocus #EducationFinance

வணிக நிதி முதலீடுகள் - முக்கியத்துவம் அறிவோமா? | business finance investments

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#businessfinance #smartinvesting #financialplanning #investmenttips #financeimportance #businessgrowth #learnfinance #investsmart #economicawareness #financefocus #kalkionline

Stop turning everything into a smartphone!

Smartphones were invented to solve a specific problem, how to make portable internet usable.

Modern devices replacing buttons with touchscreens creates new problems solely to appear cutting edge.

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