Schools are usually recognized as charitable organization. Thus the purpose of Esomo is to help in promoting, developing & enhancing the quality of educational services with the support of financial management. Mostly the educational institutes are managed as non-profit organization, which leads to negligence in financial aspects. It needs to have persistent growth with adequate funds for the development and the infrastructure needs. Thus, there should be standardized and smooth financial management in every educational institute whether it is profit or non-profit organization.
Educational institutes should to have proper financial information and survival tactics in a competitive environment. Major success depends on ability to collect and use financial information in true sense. Institutes that are maintained well, contains right set of required financial information. Certain rules, laws and procedures are very well defined in educational institute with the help of financial decision making.