What is a Ledger Code / Cost Centre?

In PayOurSchool, each activity is associated with a Ledger Code or Cost Centre. This is used by the disbursement mechanism and reporting to identify the destination of money received from parents.

It's essentially a way of identifying the type of activity. It could be simply that you have a 'General' code and all money goes here, or you may wish to have granular control and send money for school trips to one bank account and money for school uniform to another.

We will add 1 or 2 for you at your instruction when setting up your account, however you can add more or edit these via the School Profile Actions Menu > View Ledger Codes.

 

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Posted in: PayOurSchool FAQs