Finance

Finance & Accounting

Ledgers, vouchers, budgets and financial reporting.

Overview

School accounting often lives in a generic accounting package that knows nothing about students — so fee receipts are re-entered, department budgets are tracked on paper, and the auditor’s questions take a week of archaeology. Finance & Accounting runs ledgers, vouchers and budgets on the same platform that collected the fees, so the books agree with operations by construction.

  • Chart of accounts & ledgers
  • Vouchers & journal entries
  • Budgets vs actuals
  • Bank reconciliation
  • Financial statements & exports
Case study · Accounting

From books that ignore the school to audit in clicks

Representative scenario — illustrative

A trust running two campuses keeps its accounts in a generic package that knows nothing about students — fee receipts are re-entered by hand each month, and department budgets are tracked on a paper sheet in the bursar’s drawer.

Doing it by hand

Every receipt the fee desk issues is keyed a second time into the accounts package, so the two never quite agree and month-end is a reconciliation hunt. Budgets are commitments in someone’s head against actuals in a ledger. When the auditor asks why a head overspent, it takes a week of digging through vouchers and cartons to answer.

The cheap-ERP trap

The cheap ERP’s accounting stood apart from the fee module it was sold alongside — collections still had to be re-keyed, vouchers carried no approval trail, and budgets lived in a spreadsheet the software never saw. The trial balance was a project, not a report. Six months in, the finance team abandoned the module and went back to the standalone package they already trusted.

With ez.school

ez.school runs ledgers, vouchers and budgets on the same platform that collected the fees, so the books agree with operations by construction. Fee receipts post to their heads as they happen, payment and journal vouchers follow approval chains, and department budgets track commitment against actuals live. Every voucher carries who raised it, who approved it and the document behind it — so the audit is a set of queries, not an excavation.

The difference, side by side
By handOrdinary ERPez.school
Fee receiptsRe-keyed into accountsStill re-keyed monthlyAuto-post to the head as collected
BudgetsPaper sheet in a drawerA spreadsheet the ERP can’t seeCommitment vs actual, live
VouchersSigned, filed, forgottenNo approval trailApproval chain + document attached
AuditA week in the cartonsTrial balance is a projectFigure to voucher in clicks
The outcome
  • No re-entryReceipts to ledger
  • LiveBudget vs actual
  • ClicksFrom figure to document

Budget vs actual by department — the heads running over commitment are visible while the year can still be steered, not discovered at audit.

Inside the app

How Finance & Accounting works for you

Books that reconcile themselves to operations

Fee receipts post to ledgers as they happen; payment and journal vouchers follow approval chains; the trial balance is a report, not a project. Income versus expense reads live across the financial year.

Budgets and audit-readiness built in

Department budgets track commitment against actuals; every voucher carries its trail — who raised, who approved, what document. When the audit comes, the answers are queries, not searches through cartons.

The cycle

The accounting rhythm

  1. 1Receipts auto-post
  2. 2Vouchers raised
  3. 3Approval chain
  4. 4Ledgers update
  5. 5Reports & audit
Who uses it

One app, seen from every seat

AccountantPosts once — operations feed the books instead of fighting them.
DirectorReads income vs expense live, by head and department, all year.
AuditorFollows every figure to its voucher and document in clicks.
Evaluation questions

Finance & Accounting — asked and answered

Do fee collections flow into accounting automatically?

Yes. Receipts post to the configured heads as they are collected — no re-entry, no month-end import.

Can voucher approval be controlled?

Yes. Payment and journal vouchers route through approval chains with amounts thresholds, and every approval is audited.

Can we map our existing chart of accounts?

Yes. Heads and ledgers are configurable to your chart; opening balances import at cutover.

Bring Finance & Accounting to your campus

Guided onboarding, local-currency pricing, and human support from day one.