5+ Best Accounting Software for Schools and Educational Institutions

Image of author Nick Cotter
Newfoundr
accounting software for school
March 13, 2023
-
10
min read

From student information tracking to financial transactions, good accounting software is a must-have for any school or educational institution. Schools need to have an effective and efficient software to keep their operations organized. Finding the best accounting software for your school or institution can be tricky but with the right guidance and research, schools can identify the perfect solution that will support their business needs. The following five options are among the best accounting software for schools and educational institutions.

Who is the best Accounting Software For School?

The Best Accounting Software For School of 2023:

Here’s our shortlist of the best accounting software for school I'm ranking through our extensive research and use:

  1. Acumatica
  2. FreeAgent
  3. NetSuite
  4. Zoho Books
  5. AccountMate

Our Review of the Best Accounting Software For School:

Here is our list of the best accounting software for school:

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Acumatica

Newfoundrz's Software Review:
Image of full star review ratingImage of full star review ratingImage of full star review ratingImage of half a star review rating
4.2
out of 5

Acumatica is a cloud-based accounting software that provides financial management, inventory management, and order management features. It is aimed at businesses of all sizes and includes integrations with various other business tools.

  • Invoicing
  • Financial management
  • Inventory management
  • Order management
  • Project accounting
  • Unified platform for financial, inventory, and order management
  • Robust project and CRM management
  • Flexible and scalable customization
  • Steep learning curve for some users
  • Higher pricing for advanced features and customization
  • Limited customer support options for some plans
Pricing for Acumatica starts at Custom and moves up to Custom pricing from there. You should connect with their team to learn more about the capabilities with each plan.
Best Fit For:
small and medium sized business
Free Trial Offered?
YES
NO
Pricing Plan 1:
Custom
Pricing Plan 2:
Custom
  • Salesforce
  • Dropbox
  • Zapier
Get started →
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FreeAgent

Newfoundrz's Software Review:
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4.2
out of 5

FreeAgent is a cloud-based accounting software aimed at freelancers and small businesses. It includes features such as invoicing and expense tracking.

  • Invoicing
  • Invoicing
  • Expense tracking
  • Financial reporting
  • Project management
  • User-friendly platform for freelancers and small business owners
  • Simplified project and time management
  • Easy tax filing and compliance
  • Limited customization options for certain features
  • Higher pricing for advanced features and multi-user support
  • Limited mobile app capabilities
Pricing for FreeAgent starts at $0/month and moves up to $24/month pricing from there. You should connect with their team to learn more about the capabilities with each plan.
Best Fit For:
small and medium sized business
Free Trial Offered?
YES
NO
Pricing Plan 1:
$0/month
Pricing Plan 2:
$24/month
  • Dropbox
  • Salesforce
  • Google Drive
Get started →
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NetSuite

Newfoundrz's Software Review:
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4.1
out of 5

NetSuite is a cloud-based accounting software that provides financial management, inventory management, and order management features. It is aimed at businesses of all sizes and includes integrations with various other business tools.

  • Invoicing
  • Financial management
  • Inventory management
  • Order management
  • Project management
  • Unified platform for financial, inventory, and order management
  • Comprehensive reporting and analytics
  • Flexible customization and scalability
  • Higher pricing for advanced features and customization
  • Steep learning curve for some users
  • Limited customer support options
Pricing for NetSuite starts at Custom and moves up to Custom pricing from there. You should connect with their team to learn more about the capabilities with each plan.
Best Fit For:
small and medium sized business
Free Trial Offered?
YES
NO
Pricing Plan 1:
Custom
Pricing Plan 2:
Custom
  • Salesforce
  • Expensify
  • Dropbox
Get started →
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Zoho Books

Newfoundrz's Software Review:
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4.3
out of 5

Zoho Books is a cloud-based accounting software that provides features such as invoicing, expense tracking, and inventory management. It is aimed at small businesses and includes integrations with various other business tools.

  • Invoicing
  • Invoicing
  • Expense tracking
  • Inventory management
  • Financial reporting
  • User-friendly interface with customizable templates
  • Robust inventory and project management
  • Powerful bank reconciliation and payment processing
  • Limited mobile app capabilities
  • Some users may find the interface too cluttered or confusing
  • Limited customization options for certain features
Pricing for Zoho Books starts at $0/month and moves up to $240/month pricing from there. You should connect with their team to learn more about the capabilities with each plan.
Best Fit For:
small and medium sized business
Free Trial Offered?
YES
NO
Pricing Plan 1:
$0/month
Pricing Plan 2:
$240/month
  • Shopify
  • Salesforce
  • HubSpot
Get started →
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AccountMate

Newfoundrz's Software Review:
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4
out of 5

AccountMate is desktop accounting software aimed at small to medium-sized businesses. It includes features such as payroll and inventory management, along with various other accounting features.

  • Invoicing
  • Accounting and financial management
  • Payroll
  • Inventory management
  • Job costing
  • Comprehensive accounting and financial management
  • Advanced job costing and manufacturing management
  • Robust inventory and order management
  • Higher pricing for advanced features and customization
  • Limited cloud-based capabilities and mobile access
  • Limited integration options with other software
Pricing for AccountMate starts at Custom and moves up to Custom pricing from there. You should connect with their team to learn more about the capabilities with each plan.
Best Fit For:
small and medium sized business
Free Trial Offered?
YES
NO
Pricing Plan 1:
Custom
Pricing Plan 2:
Custom
  • Dropbox
  • Zapier
  • Avalara
Get started →
Featured Partners:
QuickBooks
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Software Rankings:
Disclaimer:
Each sponsored placement is distinguished with a distinctive blue ribbon, ensuring that you are aware of and informed about the content you're consuming.

Important Features to Look For in Accounting Software For School:

Accounting Software For School Pricing Comparison Table:

Platform Free Trial? Pricing #1 Pricing #2
Acumatica true Custom Custom
FreeAgent true $0/month $24/month
NetSuite true Custom Custom
Zoho Books true $0/month $240/month
AccountMate false Custom Custom

Accounting Software For School Rating Comparison Table:

Software Customer Support Performance Value Total Product Rating
Acumatica 4.3 4.3 4 4.2
FreeAgent 4.5 4 4 4.2
NetSuite 4.2 4.2 4 4.1
Zoho Books 4 4.5 4.5 4.3
AccountMate 4 4 4 4

Can schools and educational institutions benefit from using accounting software?

Is QuickBooks a helpful tool for schools and educational institutions to use?

How can schools benefit from using accounting software for their finances?

What is the cost of accounting software designed for candy manufacturers, and what features does it include for tracking production costs, managing inventory levels, or generating invoices?

Factors we use to Rank Accounting Software For School:

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