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Helping RTOs

manage their

financial reporting

& completion of the

FVRA Tool.

 
Shiv Jaidka

ABOUT

12+ years experience, specialising in providing accounting and taxation services to the RTOs and VET Industry.


A fully qualified chartered accountant that can handle every aspect of your financial reporting and compliance requirements.

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‘I was in the process of setting up my new RTO, and there were many questions in my mind. Shiv helped me to put the strategy in the form of a Business Plan to start the conversation with ASQA. He completed the Financial Viability Risk Assessment (FVRA) Tool for submission with ASQA and liaised directly with the consultant organising the registration. Now Clayton Education Group has received the RTO registration; I use and recommend his Business Accounting and Taxation Services as well.'

Ramesh Tanimki

CEO

Clayton Education Group (RTO 45620)

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HELPING YOU

Helping RTOs manage their Financial Reporting & Completion of the FVRA Tool.

 

  • Eliminate the stress of tax compliance

  • Understand your business numbers

  • Ensure your RTO is ready for growth.

Are you an existing RTO?


Do you understand the story that the numbers tell you? You need to translate the numbers into actions to develop the growth strategies for a prosperous RTO. There are specific metrics of a business that you need to monitor in real-time to make timely and sound decisions for the success of your RTO. 


With 12+ years experience, specialising in providing accounting and taxation services to RTOs and VET industry, we can help you with RTO Bookkeeping & Accounting services to eliminate the stress and confusion of meeting your ATO compliance.

 

We provide easy to access and understand real-time reports using cloud technology like Xero, ensuring that your RTO is always financially healthy, protected and ready for growth. We can help you with the cash flow budgets and forecasts to avoid nasty surprises.


We can also assist your RTO in preparing its next funding application (Skills First/VTG VET, VET Student Loans/VET FEE-HELP, Skills for All, and NSW Smart and Skills)

Financial Viability Risk Assessment (FVRA) Tool


The FVRA Tool spreadsheet is a three-way forecast, a combination of Profit & Loss, Balance Sheet, Cash Flow and associated information to enable ASQA to determine whether your RTO can manage a positive cash flow. 

When does ASQA require the FVRA Tool?​

  • Initial registration for an RTO or CRICOS

  • Changing the scope of an RTO (within two years of registration)

  • A 50% change in ownership within a year

  • When a monitoring review is requested

ASQA provides higher weight to this document, and you need to work accurately on numbers and projections. 

As a qualified Chartered Accountant, Shiv can help you to prepare and sign off your FVRA Tool. 

Are you thinking of starting a new RTO?


Starting an RTO can be challenging.

 

You need to understand the VET system and submit the Business Plan & Financial Viability Risk Assessment (FVRA) Tool with ASQA as initial completeness check.

 

If these documents are incomplete, the ASQA will not commence the assessment process. 


We can make this process easier for you, completing the FVRA Tool that supports the Business Plan and organise a business structure for the success of your RTO.

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Waterman Business Centre

UL40 / 1341 Dandenong Rd

Chadstone VIC 3148

PO Box 4109 Narre Warren South VIC 3805

K2 Advisors Pty Ltd Chartered Accountants | Director: S Jaidka

Liability limited by a scheme approved under Professional Standards Legislation

Shivdeep Jaidka is Limited Authorised Representative 1257018 of SMSF Advisers Network Pty Ltd

Australian Financial Services Licence 430 062 | ABN 64 155 907 681

©2020 by RTO Accounts. Designed by Wayne Schmidt