Financial Management is a key component of the Australian Skills Quality Authority’s (ASQA) Standard Seven. There are many ways in which standard accounting and bookkeeping practice can be non-compliant from an ASQA perspective. While our ultimate goal is to achieve positive long-term mutually beneficial relationship with our clients, a foundational knowledge of both accounting and ASQA standards are needed to effectively manage finances and ensure RTO compliance. The cost of this doesn’t need to be expensive. With a diversified portfolio of clients, the financial management system of LionHouse seeks to provide a competitive bookkeeping service that meets and delivers for an RTO in ways general accountants and bookkeepers can’t. Our RTO support services are aimed at delivering quality and cost-effective services through organic partnerships with our clients, employees and other stakeholders.

Due to the technicality of accounting activities RTO Accounting seems complex and makes it all the more compelling for RTOs to adhere to compliance regulations. In order to qualify as an RTO, the rules and regulations of the Australian Skills Quality Authority (ASQA) have to be adhered to along with the Australian Qualifications Training Framework (AQTF) to ensure state funding, necessitating an efficient RTO financial management. This is where LionHouse steps in and helps you build the fundamental knowledge of an accounting process and comply with the prerequisites for RTOs to optimize themselves.

Our team comprises RTO Administration Assistants who are adept at helping you establish the fundamentals of your RTO business with a long-term focus on financial viability. With strict compliance regulations and associated evolving requirements, RTO industry is undoubtedly complex. Our RTO accountants specialize in providing financial services that cater to the registering of RTOs or to RTOs already registered for Vocational Education and Training.

Whether you are in the process of beginning with an RTO business or whether you are running an RTO, we can help you in delivering the best.