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School Revenue Leakage

Praveen Philip (.) (55 Points)

29 November 2019

What are the areas that can cause revenue leakages in school.

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sabyasachi mukherjee (27117 Points)
Replied 29 November 2019

In a school the following checks has to be there.
1. Compliance as per the relevant Act.
2. Curb revenue leakage
3. Control expenditure.
Here relevant Act means Socities Registration Act.
Here revenue leakage can be from two sources
a) fees of all students collected on time.
b) seperate programmes for students organized.
proper evaluation of estimated and actual revenue be made.

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Kapadia Pravin (17254 Points)
Replied 29 November 2019

Https://www.google.com/url?sa=t&source=web&rct=j&url=https://www.education.vic.gov.au/Documents/school/principals/finance/Fin%2520Internal%2520Control%2520document%2520v3.2.pdf&ved=2ahUKEwjfoM2Uj4_mAhV28XMBHR6vCoYQFjAMegQIBRAB&usg=AOvVaw392AANdGh4VgyjH42FkN4O&cshid=1575020157413

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