FINACS School Accounting logo

FINACS School Accounting

by Rediker Software · Since 1979
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ActiveAvailable globallyCloud
Quick facts
VendorRediker Software
Year launched1979
StatusActive
Location2 Wilbraham Road, Hampden, Massachusetts 01036
Countries servedGlobal
Languages1
Integrations35+
Free tierNO
Free trialNO
Contact salesYES

About FINACS School Accounting

FINACS is a financial accounting solution for K-12 schools that integrates with the AdminPlus student information system. It provides tools for student billing, ledger management, accounts payable, procurement, and financial reporting.

FINACS is a financial accounting software suite by Rediker Software, designed specifically for K-12 educational institutions. It integrates directly with the company's AdminPlus Student Information System (SIS), eliminating duplicate data entry for student billing and receivables. The product is offered in two main packages: FINACS Student Billing, which handles invoicing, payment plans, and online payments through the parent portal, and FINACS Core Accounting, which adds general ledger, accounts payable, and comprehensive financial reporting capabilities. The system is web-based, providing administrators with secure online access. While pricing is not publicly listed and requires a quote, Rediker Software provides extensive support options, including a support portal, email, phone, and various online and on-site training programs. The platform aims to centralize and streamline all school financial operations, from tuition collection to strategic forecasting.

Pros & Cons

Pros
  • Direct integration with the AdminPlus Student Information System eliminates duplicate data entry.
  • Parents can view and pay invoices online through the integrated PlusPortals.
  • Offers specialized modules for both student billing and core fund accounting.
  • Provides a centralized, web-based platform for managing school finances.
  • Enables creation of custom tuition payment plans for families.
Cons
  • Pricing information is not publicly available and requires a direct quote.
  • The software is specialized for schools using the Rediker ecosystem, which may limit its utility for others.

Features

Key features

Integrated Student Billing

Invoices and collects payments for tuition, fees, and other charges, with data synced from the AdminPlus SIS.

Online Payments

Allows parents to view and pay invoices online via credit card or bank account through the PlusPortals parent portal.

Core Accounting

Includes modules for General Ledger, Accounts Payable, and financial reporting to manage school finances.

Tuition Payment Plans

Enables creation of custom tuition plans and templates for invoicing families.

Batch Invoice Creation

Apply charges to a group of students simultaneously based on specified criteria.

Financial Reporting

Offers built-in and customizable reporting options to analyze financial data and support audits.

Additional features

General Ledger Management

Features a multi-level chart of accounts structure and templates for recurring journal vouchers.

Accounts Payable

Manages vendor payments and procurement processes.

PlusPortals Integration

Parents can view and manage billing invoices directly within their PlusPortals account.

Secure Online Access

Provides a centralized online dashboard for school administrators to access financial tools anytime.

Student Billing Reports

Generates various reports including listings, aging reports, billing statistics, and collection statements.

Pricing

Free trial
Free version
Request a quote
Promo Offer

Countries & Languages

Global
Countries served
1
Interface languages
Billing currencies

Interface languages

English

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