Accounting & Bookkeeping ยท KBLI 85499

Educational Institution Accounting

Educational institutions such as private schools, tutoring centers, and courses have unique revenue cycles with advance payments (tuition, entrance fees) and operational costs dominated by teacher salaries. If foundation-based, reporting follows ISAK 35. Arunika Consulting helps educational institutions manage accounting so financial transparency is maintained and budget planning is more accurate.

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What usually goes wrong

  • Deferred Revenue

    Tuition and entrance fees paid at the beginning of the academic year must be amortized throughout the learning period.

  • Scholarship Fund Management

    Scholarship funds from third parties or internal need to be recorded separately and allocated according to recipients.

  • High Fixed Costs

    Teacher/lecturer salaries and building operational costs are fixed, requiring mature cash flow planning.

  • Multi-Format Reporting

    Institutions may need reports for foundation (ISAK 35), Education Office, and internal management with different formats.

What we do

  1. 01

    Educational Revenue Amortization

    Revenue recognition for tuition and entrance fees proportionally per month/semester according to service period.

    • Accurate revenue per period
    • Matching principle
    • Valid monthly reports
  2. 02

    Restricted Funds Management

    Recording of scholarship and grant funds with usage restrictions as restricted funds.

    • Donor transparency
    • Fund accountability
    • ISAK 35 compliance
  3. 03

    Academic Year Budgeting

    Academic year-based budgeting with student, revenue, and operational cost projections.

    • Planned cash flow
    • Right expansion decisions
    • Deficit risk down

Related regulations

  • SAK EP

    Private Entity Financial Accounting Standards

    Reporting framework for private educational institutions without public accountability, effective 2025.

  • ISAK 35

    Financial Statement Presentation for Non-Profit Oriented Entities

    Reporting guide for foundation-based educational institutions with nonprofit orientation.

  • PSAK 23

    Revenue

    Revenue recognition for tuition fees, entrance fees, and other educational services.

If the tax office starts asking questions

The team that keeps your books and files your taxes also stays with you through an SP2DK, an audit, an objection and an appeal.

How we handle tax disputes

Frequently Asked Questions

How to record entrance fees paid once?

Entrance fees are recorded as liabilities (deferred revenue) and amortized during student's study period, or recognized immediately if there is no refund obligation.

Do foundation-based schools have to use ISAK 35?

Yes. Schools under foundations must present financial statements according to ISAK 35 with activity statement format and net asset classification.

How to record scholarships from corporate sponsors?

Scholarship funds are recorded as restricted donation revenue, and scholarship expenses are recorded when allocated to recipient students.

How do accounting services improve operating cost efficiency?

Accurate, timely financial reports help you spot cost leakage, monitor margins by product or service, and make data-based decisions.

Can financial reports be accessed in real time?

Yes. We use cloud accounting systems so you can monitor cash flow, profit and loss, and business performance from anywhere.

How do you ensure reports are ready for external audits or banks?

Reports are prepared with clear documentation and traceable transaction data.

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Tell us about your business

Send your line of business, rough annual turnover, and what is going wrong. We reply on WhatsApp.

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