School Accounting Software

Integrated Student Billing and Financial Accounting Software for Schools

Effective fund accounting is fundamental to a school's development. FINACS is a Financial Accounting solution that is integrated with AdminPlus, allowing you to track your receivables with ease. FINACS enables schools to centralize essential tasks such as student billing, ledger management, accounts payable, and procurement within a single, robust platform. By optimizing processes for vendor management, purchasing, and reporting, it provides the insights necessary for accurate forecasting and strategic planning. The advanced reporting tools facilitate data-driven decisions, supporting both daily operations and long-term objectives. With our solution, schools can manage their finances with precision, transparency, and assurance.

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"I have used Rediker Software's AdminPlus since 1994 and have found the company to be very supportive of their programs. In 2006 we implemented the FINACS program. The transition from our previous accounting software was very easy. FINACS has helped me through two audits by providing the necessary data and has made my financial reporting easier." - Suzanne Walsh, Business Manager Bishop Brady High School, NH
"I have used Rediker Software's AdminPlus since 1994 and have found the company to be very supportive of their programs. In 2006 we implemented the FINACS program. The transition from our previous accounting software was very easy. FINACS has helped me through two audits by providing the necessary data and has made my financial reporting easier."

Choose from two great integrated solutions to meet your school’s needs.

FINACS Core Accounting FINACS Student Billing

FINACS Student Billing

FINACS Student Billing is a user-friendly, online solution that is available as a stand-alone solution for your school’s student billing processes. A well-structured student billing workflow builds trust, supports families, and establishes a foundation for financial stability and transparency. Student billing involves invoicing and collecting payments for tuition, registration, activities, textbooks, and other essential fees. It integrates seamlessly with the student and parent data coming from the AdminPlus student information system.

Integrated Online Payments: Time-saving integrated online payment options serve to streamline the payment collection process for families.

Tuition Payment Plans: Create custom tuition plans and save them as templates. Invoice parents based on each of their chosen payment plan.

Batch Invoice Creation: Simultaneously apply charges to an entire group of students that meet your criteria.

PlusPortals Integration: Parents can view and manage billing-related invoices directly within their Rediker Software PlusPortals account, creating a single portal for all parent information.

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FINACS Core Accounting

By automating accounts payable, receivable, and reporting processes, our Core Accounting solution equips administrators with the insights needed for effective forecasting and planning. Its powerful reporting tools enable data-driven decisions, supporting both daily operations and long-term strategies. This ensures schools can handle finances with accuracy, transparency, and confidence.

Purchasing and Accounts Payable
Options for individual and batch payments
Print vendor checks individually or in bulk
Vendor data import and export capabilities
Aging reports with configurable aging categories
General Ledger
Multi-level chart of accounts structure
Templates for recurring journal vouchers and petty cash transactions
Support for multi-currency receipts within a single transaction
Reports and Analytics
Multiple reports available for each module
Customization options for transaction-wise or account-wise reports
Multi-Currency Support
Capability to process transactions in multiple currencies
Automatic exchange rate conversions for financial accuracy
Dual-currency handling for international institutions
Transparent reporting with currency adjustments
Seamless Integration & Security
Integration with student fee management for unified financial oversight
User role-based access control to ensure data security
Cloud-based access for remote financial management
Audit trails to track transactions and maintain compliance
Budgeting (Coming Soon)
Add-on budgeting options coming soon to FINACS Core Accounting
Budgeting based on various combinations of accounts, funds, and cost centers
Flexible options for budget creation
Validation settings to warn, prevent, or override budget limits
Ability to define budgets using prior year balances
Fixed Asset Management (Coming Soon)
Add-on fixed asset management options coming soon to FINACS Core Accounting
Efficient tracking of asset acquisition, depreciation, and disposal
Automated depreciation calculations based on customizable schedules
Seamless integration with the general ledger for accurate financial reporting
Comprehensive asset reports to monitor inventory and valuations

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The Core Accounting module in FINACS offers a customized approach to school finance. With adaptable fee structures, batched invoicing, and flexible payment options, it simplifies the billing process while maintaining accuracy and efficiency. Its robust reporting features also provide schools with valuable insights into revenue streams and outstanding balances, supporting informed financial decision-making.