The accounts your bursar already has the numbers for
A school income and expenditure tracking software worth using has to turn the numbers already recorded in fees and payroll into real accounts, not ask a bursar to re-enter everything into a separate accounting package at term end. Sfolio compiles an income statement and a balance sheet directly from the fee payments, payroll runs and other transactions already recorded in the system.
Built from what is already recorded
Income from fee payments and expenditure from payroll and other recorded transactions feed directly into the income statement and balance sheet, so the figures match what is already on record elsewhere in the system, not a parallel set of books.
A report, generated
An income statement and a balance sheet are generated as documents, so a director or bursar has real term end accounts without rebuilding a spreadsheet from scratch each time.
What this covers
- An income statement built from recorded fee payments
- A balance sheet built from recorded transactions
- Figures match the fees and payroll already on record, not a separate set of books
- Generated as a document at the point your school needs it
Questions about the accounts your bursar already has the numbers for
Does this replace a qualified accountant or auditor?
What transactions feed into the accounts?
See how the accounts your bursar already has the numbers for would work for your school
Tell us about your school and we'll walk you through it, no technical work required on your end.