Using a Tuition Management System to Manage Accounts Receivable

Learn how to leverage your accounts receivable subsidiary ledger to ease your workload. Using an external system to manage tuition and fees enables you to receive a summarized journal entry to post into your accounting system, eliminating the need for dual entry into your general ledger. This will result in efficiencies and allow for reallocation of workload in the business office. The process also provides checks and balances to ensure the accuracy of accounting information in the general ledger. Learn how to automate month-end close by aligning the school chart of accounts to the tuition management system.