Private School

Guest Article: Navigating Success: The Crucial Role of Bus Tracking Software in Private Schools

In today’s fast-paced world, ensuring the safety and well-being of students is a top priority for private schools. Beyond providing a quality education, these institutions are responsible for safeguarding their students during their daily commute. This is where bus...

Private School Best Practices

It is getting increasingly more difficult to run a school. Hell, it’s getting increasingly more difficult to run any business. Too often the management team finds themselves in crisis mode, focusing on putting out fires instead of strategically thinking about how to...

Retooling Leadership in Private Schools

The workplace landscape is continually evolving, and with each new generation that enters the workforce, leadership styles and strategies must adapt to meet its unique needs and expectations. Private Schools, known for their commitment to academic excellence and...

Evaluating Your Accounting Software Needs

When was the last time your organization evaluated its accounting software… or maybe you are a start-up, keeping track of your organization’s finances on excel or even paper ledgers and now it is time to upgrade to a more sophisticated system. Many organizations tend...

The Importance of Financial Management in Private Schools

Private schools play a vital role in providing quality education to students as an alternative to the public school system. However, managing the finances of a private school can often be challenging. Private schools need to balance their budgets, ensure adequate...

The Importance of Internal Controls in Protecting Private Schools Against Fraud

Fraud can have devastating consequences for private schools, both financially and in terms of reputation. That’s why it’s important for schools to implement strong internal controls to prevent fraud from occurring in the first place. What are internal controls?...

Trends and Challenges in Private School Enrollment and Admissions

Private schools have long been a popular choice for parents seeking a more personalized and academically rigorous education for their children. Private schools offer tremendous benefits compared to public schools such as more intimate classroom settings, a more...

Ways to Promote Diversity, Equity, Inclusion, and Accessibility in Private Schools

Introduction Private schools have a responsibility to create an environment that is diverse, equitable, inclusive, and accessible for all students, faculty, staff, and community members. Promoting diversity, equity, inclusion, and accessibility (DEIA) in private...

K12 Data Protection Q&A Panel – Powerhouse Team

Join our Powerhouse Team for a Time-Critical Panel Discussion followed by a Question-and-Answer Session New York State Education Law §2-d took effect in 2020 and applies to school districts, charter schools, universal pre-K providers and BOCES. It also applies to...

Segregation of Duties

Segregation of duties is a commonly used and widely accepted internal control practice. It is the process of taking shared responsibilities of a key process and dispersing the critical functions of that process to more than one person or department. Implemented...
Segregation of Duties

Segregation of Duties

Segregation of duties is a commonly used and widely accepted internal control practice. It is the process of taking shared responsibilities of a key process and dispersing the critical functions of that process to more than one person or department. Implemented...

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Private School Internal Controls

Private School Internal Controls

In July 2022, news broke that David Ostrove allegedly stole approximately $8.4 million from the Schechter School of Long Island (the “School”), where he served as the School’s Chief Financial Officer, Chief Technology Officer, and Director of Operations. Ostrove...

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Private School Bits & Pieces

Private School Bits & Pieces

Welcome to another school year, and welcome to a new set of opportunities and challenges. The 2022/23 year is sure to be an interesting one. With COVID still a disrupting force, the impact of inflation, rising interest rates, worsening economic and market conditions,...

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Healthcare Worker Bonus – Education & Early Intervention

Healthcare Worker Bonus – Education & Early Intervention

When the Healthcare Worker Bonus (HWB) program was unveiled in August, educational organizations were included in the list of eligible employers, but with little clarification as to which ones or who would be covered. At the end of August, a memo was distributed by...

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Healthcare Worker Bonus Update

Healthcare Worker Bonus Update

For those of you who filed for a Paycheck Protection Program (PPP) Loan, you remember the early days of the application process were marked by conflicting information, short deadlines, potential exposure, and more.   As time went by, the regulations loosened up and...

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