Manual processes and data silos tend to lead to mistakes and inadequate financial oversight. However, when all of a school system’s data is integrated in one location, there is improved data accuracy and less room for error. Integrating accounting requirements into other departments in the school district helps make sure activity fees are accurately recorded and collected. Fees arrive in the bank account faster, as parents can pay directly from a mobile phone, and money is directed to a designated bank account determined by the accounting team. Eliminating cash payments means teachers and administrators no longer need to worry about collecting payments, learning accounting codes, or navigating the general ledger.
What does the modern school system look like? Technology is empowering many school districts today to explore paperless and cashless initiatives by offering digital options for fees, forms, and communication.
School administrative staff faces a number of challenges each day, from chasing down fees and forms to gaining parent approvals. Manual, error-prone processes slow administrative staff down and prevent them from focusing on more meaningful work. There are many ways to ease the workload —it requires having the right plan and resources in place to make it happen. In this article, we share five different ways to help ease the workload of the school’s administration office.
There are endless advantages to becoming a cashless school. From increasing efficiencies and offering secure payment options to improving parent communication, the benefits speak for themselves. For the folks in the financial department at your school or in your district, going cashless solves many of the pain points that plague them each day.