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School Yourself on Accounting Software Options for the Educational Market

Whether your organization is a private school, a university, or a public school district-the profit motive may not be the final word when it comes to organizational success. But, in order to achieve your organization’s goals, it is critical to have strong accounting tools. The right accounting software can help you ensure efficient operations through the optimization of often limited time and financial resources. At the end of the day, the pressure to lower operational costs and maintain error-free books is just as real for your educational organizations as it is for any commercial enterprise. Discover more about the capabilities of accounting software designed for schools and the educational field—and how it can help your organization—in this article.

Overwhelmed? We’ll help you find your ideal software solution, absolutely free!

Find out why thousands of businesses trust Find Accounting Software to help narrow down thousands of options to a managable list of top recommendations. There’s no pressure, no obligation, and no cost. Sound good? Let’s get started!

The companies and representatives you sent our way were prompt and thorough… I definitely would recommend your company as a means to exploring options with qualified providers. — Bruce Conley
Your service saved me some very valuable time and hooked me up with some excellent resources. Thanks for providing this top-notch service. — Linda Vittori
Thanks! Having a service like this to help navigate the ocean of accounting software and help identify potential good-fits without having to delve through numerous bad-fits is of tremendous value! — Mark Carpenter

What can accounting software for educational organizations do for you?

Schools and other educational organizations operate with a different mission than a commercial company. Not surprisingly, their accounting needs differ in many ways. That being said, educational organizations and commercial companies both share certain key accounting practices: cash management, analytical report tracking, creating budgets, as well as identifying and tracking operational costs. Software developed specifically for usage in schools, school districts, and training companies is designed to meet these needs.

Software designed specifically for educational organizations

Solutions designed generally for commercial use often aren’t adequate for meeting the full needs of educational organizations. Many educational organizations operate on a non-profit basis. Consequently, support for fund accounting practices is an important part of accounting software designed for the educational organization. Additionally, educational organizations typically need to database a considerable amount of information about students and tie it back to accounting records.

Integration between accounting and student records

Regardless of whether your educational organization is a professional training company, a university, a private school, or a school district, there are benefits to be gained by utilizing software specifically designed to support educational operations. One of the key elements of software specifically designed for educational groups is integration between financial data and student records. Integrated information allows educational entities the ability to lower the total cost of ownership by creating efficiencies associated with keeping all relevant information within one centralized database. Hardware requirements are significantly reduced when records are not duplicated across multiple systems. There is a major time savings impact, as well, when staff can access information easily from within one single system.

Fund accounting capabilities

In order to track the allocation of funds for specific purposes, many educational organizations use fund accounting practices. Funds are essentially accounting entities with self-balancing accounts designed to record cash and other assets, as well as related balances and liabilities. A fund accounting approach allows educational entities to track all expenditures back to specific fund sources.

Benefits of Educational Accounting Software

  • Integrated financial and student records information
  • Improved ability to lower operational costs by automating manual accounting processes
  • Enhanced capabilities for easily creating budgets
  • Comprehensive accounting modules for accurate financial management
  • Support for fund accounting practices

Taking the next steps

All schools, public and private, need to manage their finances, however, finding the right program for your organization can be a difficult and time consuming adventure. Whether you are looking for a complete accounting and student management system or specific functionality to augment existing software, through a brief phone call, our software specialists will look to better understand your business and software needs to help you locate the most relevant solutions for your requirements. Get started today!

Popular Educational Accounting Software Products

Looking for software for your education organization? Over the years, we’ve helped match thousands of organizations just like yours with great software. Below you can check out a list of the options most commonly considered by others in your industry. Browse for fits or let us help you find the best choices for your needs.

Which software is right for you? Get quick and accurate recommendations.

What if you could simply tell someone about your software needs and they’d find your best choices? Look no further. We’ll listen to your needs and find your top software matches. That’s it. There’s no pressure, no cost.

The companies and representatives you sent our way were prompt and thorough… I definitely would recommend your company as a means to exploring options with qualified providers. — Bruce Conley
Your service saved me some very valuable time and hooked me up with some excellent resources. Thanks for providing this top-notch service. — Linda Vittori
Thanks! Having a service like this to help navigate the ocean of accounting software and help identify potential good-fits without having to delve through numerous bad-fits is of tremendous value! — Mark Carpenter
  • BMSI Financial Software System by Business Management Systems

    BMSI Financial Software is designed for municipalities and educational organizations. It gives you the tools you need to take control of your finances. An incredibly affordable fund accounting system that meets all accounting standards. Easy to...

  • Logos School by Logos Management Software

    Logos is pleased to provide Logos School for Windows, a powerful yet easy-to-use system for efficient, ongoing record keeping and for communication with students, families and staff in any size...

  • Black Mountain School Accounting Software by Black Mountain Software

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  • SchoolBooks‑School Activity Fund Accounting by Blue Bear Software

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  • CIS (Core Information System) by Kobelt Development

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  • Sage Timeslips by Sage

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  • Purchasing Management eXtra by Bellwether Software LLC

    Purchasing Management eXtra is a complete end-to-end procurement system that operates in a purely paperless mode. It is available in the Express Version and the SQL Version. PMX's SQL version requires Microsoft SQL Server 7.0 or higher to be...

  • DENALI FUND+Accounting by Cougar Mountain Software

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  • Sage Fixed Assets by Sage

    It's an unfortunate reality that many companies and organizations overpay thousands, sometimes even millions, in insurance and tax costs due to improperly or ineffectively managing and depreciating their fixed assets. Sage FAS Fixed Assets provide...

  • Acumatica ERP by Acumatica

    Acumatica Cloud ERP provides all of the features of traditional accounting, financial, and ERP software, but is web-based so it is less expensive to maintain, centrally managed, and accessible from anywhere. Customers can purchase a license and...

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    Orange Leap on Demand Orange Leap On Demand is a unique web-based constituent and donation management solution for today's non-profits. It automates the fundraising, marketing, communication and best practices by discarding traditional passive...

  • Logos Accounting by Logos Management Software

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  • QuickBooks Pro by Intuit

    QuickBooks, with more than 80% retail market share and over 2 million users, is the undisputed leader in accounting software for small businesses. Intuit designed QuickBooks to bring complete financial management capabilities to small business...

  • FastFund Nonprofit Software by Araize

    FastFund Nonprofit Software is a fully integrated fund accounting system designed by Certified Public Accountants. Affordable modules include General Ledger, Accounts Payable, Accounts Receivable, Cost Allocations, Payroll and Fund...

  • Executive Series by Searer Business Technology

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  • AccuFund Accounting Suite by AccuFund

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  • Abila MIP Fund Accounting by Abila

    Gain more time to focus on your cause Abila MIP Fund Accounting is a configurable fund accounting solution that allows you to report and track information that is most important to you, your board and your supporters. To help you deliver on...

  • Financial Edge NXT by Blackbaud

    Financial Edge NXT is the first-of-its-kind cloud accounting solution that’s intuitive, reliable, and built exclusively for non-profits. It is advanced technology with powerful reporting tools to help your accounting team drive efficiency,...

  • TRAVERSE by Open Systems

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  • Sage 500 ERP by Sage

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  • Nonprofit Online by Abila

    Manage your entire organization from the cloud Nonprofit Online is the only all-in-one solution for managing financials, grants, online fundraising and CRM in the cloud. With a complete online solution, you can access your applications...

  • Dynamics GP by Microsoft

    For more than 25 years, Microsoft Dynamics GP has delivered out-of-the-box business management functionality—from financials and human resource management to manufacturing and operations—to power diverse small and midsize companies around...

  • CenterPoint Fund Accounting for Municipals by Red Wing Software

    Big City Bang for Small Town Bucks CenterPoint Fund Accounting Software is ideal for municipals with small to medium size populations. These smaller organizations can save significant money with CenterPoint Fund Accounting while still...

  • Adagio Accounting Suite by Softrak Systems

    Adagio Accounting is a multi-ledger, modular accounting system that provides best-in-class audit controls and financial reporting capabilities. It is designed for small and mid-sized businesses that process significant volumes of transactions –...

  • CYMA IV Not‑for‑Profit Edition by CYMA Systems

    CYMA Not-For-Profit (NFP) Not-For-Profit organizations need an accounting software package designed for the specific nature of the nonprofit industry. Since 1980, thousands of nonprofit clients have depended on CYMA Not-For-Profit Accounting...

  • CenterPoint Fund Accounting for Nonprofits by Red Wing Software

    Fund accounting for nonprofits with a price tag that won't break your budget. CenterPoint Fund Accounting Software for Nonprofits is a versatile and affordable fund accounting and payroll software system that gives you the tools you need to take...

  • ECi M1 by ECi Software Solutions

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  • Millenium by Abila

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  • Grant Management by Abila

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  • Black Mountain Software Government Accounting by Black Mountain Software

    This powerful suite of Fund Accounting Software applications provides integration and functionality best suited for Municipalities and Utility Districts. We offer a similar product line for school districts. At the hub of Black Mountain Software...

  • QuickBooks Premier by Intuit

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  • Spectrum by Harris Computer Systems

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  • AccountMate 9 for SQL and Express by AccountMate Software

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  • Sage CRM by Sage

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  • EMPulse Series HRMS by ORANGE Digital Systems

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  • Maximizer Enterprise CRM by Maximizer Software

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  • Vertex Sales Tax RateLocator by Vertex

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  • Vertex Sales Tax Q Series by Vertex

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  • Dynacom Enterprise ERP by Dynacom Technologies

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Your Educational Accounting Software Recommendations

Ready to find out which software solutions are best suited for your business? Great! Understanding that you are searching for your education organization gives us a good start. We’ve helped many companies find everything from single modules to full financial management systems. With a bit more information about your unique needs, we’ll narrow down to the choices meeting your specific functional requirements.

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