Cosmetology School Accreditation Financial Compliance Services
Your roadmap to accreditation starts with financial readiness.
We break the process into clear, manageable steps to help you move forward based on your current financial standing.
Accreditation Financial Consultation – $499 (One-Time)
An in-depth consultation on the financial aspects of the accreditation process
What You Get:
✔️ Step-by-Step Overview of Accreditation from a Financial Perspective
The entire accreditation timeline explained (books audit-ready → financial audit → report to NACCAS → submission to the Department of Education).
The financial records and reports required at each stage.
Understanding your Composite Score and why it matters.
✔️ What It Takes to Get Your Books Audit-Ready
The exact GAAP financial requirements for accredited schools.
Why schools must track student tuition, refunds, and receivables correctly.
How to prepare for third-party audits without financial red flags.
✔️ Personalized Financial Readiness Assessment
Identify where your school currently stands in the process.
Customized recommendations for your next steps.
Q&A session to clarify any concerns about costs, expectations, and timelines.
📌 Who This Is For: New or existing school owners who need a clear understanding of accreditation financial requirements before making any major decisions.
School Financial Policies, Procedures & Internal Controls Setup – $2,499 (One-Time)
Establish a strong financial foundation to prevent compliance issues
What You Get:
✔️ Financial Policies & Procedures Manual
Tuition collection & refund policies aligned with NACCAS and Department of Education requirements.
Internal financial approval processes to prevent unauthorized spending & fraud.
Compliance procedures for student financial aid tracking.
✔️ Internal Controls Implementation
How to segregate financial duties to reduce fraud risk.
Procedures for reconciling tuition payments and tracking student accounts.
A monthly financial compliance checklist to ensure ongoing alignment with regulations.
📌 Who This Is For: Schools that want to avoid financial mismanagement, fraud risks, or non-compliance issues before applying for accreditation.
School Budget Creation & Financial Planning – $1,999 (One-Time)
Build a solid financial plan to ensure long-term success
What You Get:
✔️ Customized 12-Month Operating Budget
Projected revenue from tuition, grants, and other income streams.
Breakdown of operational expenses (instructor salaries, rent, materials, marketing).
Profitability forecast to ensure financial sustainability.
✔️ Cash Flow Management Plan
Strategies to maintain financial reserves required for accreditation.
Break-even analysis to determine the minimum student enrollment needed for profitability.
Scenario planning for tuition pricing adjustments.
📌 Who This Is For: Schools that want to ensure they are financially stable before starting the accreditation process.
Student Tuition Tracking System Setup – $2,999 (One-Time)
Set up a student tuition platform that ensures compliance with accreditation and federal reporting
What You Get:
✔️ Implementation of a Tuition Management Platform
Set up in QuickBooks or a specialized student tuition system.
Configuration of student accounts for tuition tracking.
Automatic billing and payment tracking for each student.
✔️ Receivables & Refund Tracking System
Ensure accurate student balances, tuition payments, and refunds.
Implement a compliant student ledger system.
Reporting structure to prevent missing tuition payments or compliance violations.
📌 Who This Is For: Schools that want an easy, automated way to track tuition, refunds, and financial aid payments.
GAAP-Compliant Bookkeeping & Audit Preparation – $2,995 Setup + $899/Month
Prepare your financials for a smooth accreditation audit.
What You Get:
✔️ Full Bookkeeping Setup (From Inception to Present Day)
Why start from inception?
Accreditation requires a full financial history to calculate your Composite Score.
All prior-year student accounts receivable, refunds, and tuition transactions must be recorded.
The Department of Education evaluates financial trends to assess stability.
Reconstruct all financial records from the school's start date
Ensure proper classification of student tuition revenue, grants (if applicable), payroll, operational costs, and much more.
✔️ Ongoing Monthly Bookkeeping (GAAP-Compliant) If You Want To Keep Us On
Maintain accurate, audit-ready financial statements.
Reconcile tuition payments, refunds, and financial aid disbursements.
Prepare the Income Statement, Balance Sheet, and Cash Flow Statements in compliance with accreditation requirements.
✔️ Audit-Preparation & Accreditation Compliance
Prepare financial statements for your third-party auditor.
Work with auditors to ensure a smooth and successful financial review.
Provide reports in the required NACCAS and Department of Education format.
📌 Who This Is For: New or existing school owners who need a clear understanding of accreditation financial requirements before making any major decisions.
Ready to get started?