Posts about “Reconciliation”

Five Tips for the Summer Business Office

The academic year is over, and it’s time to think ahead to the summer months.  Business offices are year ’round operations, and many independent schools spend a portion of summer …

How to Reduce Work Hours with School Payment Platforms

Managing, tracking, and reconciling incidental campus payments can take up to 30% of your working hours every week. When each department has its own payment system, it can be even …

Get Ahead of the Curve: Consolidate Vendor Payment Processing

Consolidate Vendor Payment Processing The Challenge A school business officer wears many hats.  The job involves financial, administrative, and operations management; budget oversight, contracts, and compliance.  Then there’s dealing with …

School Reconciliation Best Practices

Whether you have mastered the basics of reconciliation at your school, are an experienced professional who knows how to streamline the process, or are just getting started, it never hurts …

New Guide Available: ACH Reconciliation and Processing

ACH payment reconciliation has many variables. Use our guide to identify weak points and improve your process. The following guide provides a primer on how Automated Clearing House (ACH) payments, …

Reconciliation: Improving the Process

Comparing two sets of balances seems like an easy process, but that’s until you realize that there are dozens of accounts, filled with coded language, and many people making purchases. …

How to: School Account Reconciliation

Reconciliation is the process of making sure two sets of financial records are in agreement. At your school, you have teachers purchasing supplies, department heads managing finances, tuition payments coming …

What is Reconciliation?

Running a school requires a lot of moving parts, and many purchases being made by many different people. So how do you ensure that payments are in check, you’re prepared …

Explain it like I’m 5: Credit Card Processing

As consumers, most of us only pay attention to swiping our card and the remaining balance on our account. However, there are a lot of other steps that go into credit …

Infographic: Should a School Go Cost Neutral?

Schools have a lot of people to please, and accepting electronic payments can lead to a lot of varied preferences. Although there are fees involved with the acceptance of credit …