What this area does
Recorded fee payments can link back to financial transactions, while accounting remains separate from what each student owes.
✓Income and expense categories
✓Income and expense recording
✓Draft expense approval and posting
✓Cashbook, reports, reversals, and audit records
The workflow
How accounting & bursary works
01
Create the income and expense categories the school uses.
02
Record income and expenses, keeping expenses in draft where review is required.
03
Approve and post expenses according to the school’s process.
04
Review cashbook activity, compare income and expenses, reverse posted transactions with a reason when needed, and retain audit records.
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