Specialised Accounting for Public and Private Schools in South Africa

School Governing Bodies require compliant financial controls, annual reporting structure and disciplined budget governance under SASA.

Audit-ready records and timely provincial submissions reduce governance risk and improve board decision quality.

Private institutions often require IFRS for SMEs-aligned reporting, payroll governance and documented controls for donor, grant and board accountability.

Where tax-exempt treatment applies, documentation for PBO and Section 18A administration should be controlled through formal review cycles.

Schools should run integrated finance, payroll and compliance dashboards with clear ownership over statutory items and exception management.