Accounting software for school

School districts have a lot on their plate, from attending to students’ basic needs to meeting the long–term interests of taxpayers. One important task: keeping track of money. Schools use accounting software for school budgets in order to maintain an overall financial picture of their district.

Schools that want to offer students a way to manage their finances more easily will certainly find this software to be of good use and value. This software is designed for universities and schools. It is a perfect solution for those who need to manage cash, assets and many other things related to the process of education.

Accounting software for school is a must-have for any business, but it’s especially important for schools. With accounting software, schools can not only keep track of the money that comes in and goes out, but they can also use it to manage their students’ records and grades. In fact, there are many benefits to using accounting software for schools!

1) It keeps your finances organized.

2) It helps you keep track of your students’ progress.

3) It makes it easier for you to manage payroll and taxes.

Accounting software for schools

The right accounting software can help you keep track of your finances, manage your staff and students, and streamline your operations. But it’s important to choose the right system for your needs.

If you’re a small school with fewer than 100 students and teachers, then a basic accounting software package like QuickBooks or Sage One may be all you need. If you have many different departments and a large number of students and teachers, consider a more robust system like

.

If you’re just starting out as a new business owner, look for products that offer free trials so that you can evaluate them before committing to an investment.

Accounting software for school

Accounting errors are a serious threat to schools nationwide.

Consider the University Laboratory High School in Urbana, Illinois. This otherwise successful school accidentally ran a one million-plus deficit in 2014 because it was withdrawing from the wrong account.

Errors like this can put a school out of business.

Historically, most schools have defaulted to using general accounting software. But, this type of software has its limitations, and can’t be tailored to suit school administration needs such as student fee collection, online storefront accounting, and teacher/parent communication.

School administrators need to be able to track fund allocation, and integrate this information with student records. When schools use multiple software systems to achieve that goal, unnecessary steps and human error are almost guaranteed.

With all this in mind, we gathered six school accounting software options to help you address budget issues at your school. We’ve got a quick overview of each option—including a list of features—to help you make the right decision.

Let’s get started!

Software options presented in alphabetical order.

1. Active Educate

School accounting software - Active Educate

Invoice tracker (via Active Educate)

Active Educate offers a complete, school accounting software package. Parents and administrators turn to Active Educate for its user friendliness.

The company offers extensive training through free webinars, help files, and 24/7 user support, all with the goal of end users never feeling lost while using the system.

From managing school equipment rentals to donations, Active Educate is one of the most versatile school accounting software options around.

Features:

  • Student fee collection
  • Inventory tracking
  • Online storefront integration
  • Customizable receipting
  • Equipment tracking
  • Fundraising and donation modules
  • Online credit card payments
  • Customizable reporting

Have you used Active Educate? Be sure to leave a review!

2. HeadMaster

School accounting software - Headmaster

HeadMaster’s main dashboard (via HeadMaster)

HeadMaster is a school administration tool focused on Christian schools serving grades kindergarten through 12. HeadMaster lets you integrate its accounting system with their own full administration software, which can process a variety of payment types (including mobile).

Parents can use the system to check their tuition balance, eliminating unnecessary back-and-forth. HeadMaster also includes lunchroom accounting and payroll functionality.

Features:

  • Tuition management
  • Student profiles
  • General ledger
  • Invoicing
  • Credit card payments
  • Payroll management

Have you used Headmaster? Be sure to leave a review!

3. PraxiSchool

School accounting software - PraxiSchool

Transaction tracking (via PraxiSchool)

PraxiSchool offers a host of helpful school administrative features, including attendance tracking, discipline management, and cafeteria management. Schools—both private and public—can use PraxiSchool to organize their budgets, reconcile bank statements, write and distribute checks, and manage accounts payable and receivable.

PraxiSchool is a great option for schools looking to get rid of information duplication across platforms by switching to a complete school administration system.

Features:

  • Tuition management
  • General ledger
  • Automated billing
  • Credit card payments
  • Customizable reporting

Have you used PraxiSchool? Be sure to leave a review!

4. Rediker FINACS/AP Accounting

School accounting software - Rediker

Budget dashboard (via Rediker)

Rediker FINACS/AP Accounting is a great school accounting add-on option for international schools that integrates with the full Rediker school administration system.

With its ability to balance dual currencies and provide country-specific reports, Rediker provides an accounting solution that many international schools lack. Rediker offers tools for every rung on the school administration ladder, from superintendents tracking admissions fees to cafeteria directors budgeting for student meals.

Features:

  • Online bill payments
  • Multiple currency options
  • Quick access dashboard reporting
  • ACH bank payments
  • Customizable reporting
  • Invoicing
  • Check printing
  • Collections reporting

Have you used Rediker? Be sure to leave a review!

5. RenWeb with QuickBooks Integration

School accounting software - RenWeb

Contact database (via RenWeb)

According to Capterra’s original research, RenWeb is the second most popular school administration software in the world. RenWeb offers more than 300 features for school administrators, including QuickBooks integration.

The QuickBooks integration, combined with RenWeb’s robust list of features, helps schools streamline family account management, billing, and asset management. RenWeb also gives schools the option of starting with just QuickBooks, and moving into a more robust school administration software as they grow. While two software options are necessary to unlock all of these capabilities, the robust list of features offered by RenWeb that work in conjunction with QuickBooks makes the pairing worth your while.

Features:

  • Billing and invoicing
  • Customizable reporting
  • General ledger

Have you used RenWeb? Be sure to leave a review!

6. Senior Systems: Ascendence Business Office

School accounting software - Senior Systems

Balance sheet via Senior Systems

Need a system designed to manage tuition, break down budgets by department, and cover general accounting? Business Office offers school-specific accounting software that does all this, and more.

With add-ons like online budget management, asset management, and community online enrollment, Business Office is great for private and independent schools looking for the flexibility to manage their own finances from start to finish.

Features:

  • General ledger
  • Accounts receivable
  • Customizable dashboards
  • Customizable reporting
  • Purchase orders

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