Step 4 of 4 · Fees, finance, and payroll
Try this experience Accounting workspace
Create balanced journals and inspect posted entries.
Accounting workspace in LiveSchools365 Finance and Payroll
Accounting workspace is a Finance and Payroll workflow in the Financial control area of LiveSchools365 school management software. Create balanced journals and inspect posted entries. Schools use it so A traceable financial position from operational transaction to ledger impact.
Connect fee billing, payments, expenses, accounting, approvals, and payroll. The people who typically work here are Accountant, Finance manager, Administrator, Approver. The rest of the module stays one click away, so an inquiry, register, invoice, or stock movement does not have to be re-typed into another product.
What this workflow changes
- Balanced postings This sits inside Finance and Payroll rather than a separate spreadsheet, which keeps the audit trail on the same student, staff, or item record.
- Period controls This sits inside Finance and Payroll rather than a separate spreadsheet, which keeps the audit trail on the same student, staff, or item record.
- Operational traceability This sits inside Finance and Payroll rather than a separate spreadsheet, which keeps the audit trail on the same student, staff, or item record.
How it fits the rest of Finance and Payroll
Open these related Finance and Payroll guides when you want the step before or after Accounting workspace:
- Finance dashboard — Review receivables, expenses, approvals, and accounting readiness.
- Fees and payments — Generate invoices and receive payments against student balances.
- Payroll management — Configure components and process auditable salary runs.
How schools evaluate this screen
During a demonstration or trial, Accountant, Finance manager, Administrator, Approver should complete one realistic example: a new inquiry, a section register, a fee receipt, a notice, or a stock issue, depending on the module. Then confirm that the same record appears on the dashboard, the related report, and the next workflow. That is the test of a school ERP: one operational picture instead of parallel files.
Trend Developers can walk this exact screen against your admission, attendance, exam, or fee process. You can also start a 14-day trial and use the matching live form after sign-in.
All Finance and Payroll workflows · Start a trial · View pricing · Request a demonstration
Guide depth
Interface
Fields, controls, and effects
Use this reference to understand what each area accepts and what it changes.
Posting date / periodDate/select · Input
- Purpose
- Choose when the journal belongs.
- Rules
- Period must be open.
- Application effect
- Controls ledger reporting period.
Reference / descriptionText · Input
- Purpose
- Provide traceable business context.
- Rules
- Use unique source references where required.
- Application effect
- Supports audit and search.
Account linesAccount select and debit/credit numbers · Input
- Purpose
- Add balanced journal lines.
- Rules
- Total debits must equal total credits.
- Application effect
- Posts to the general ledger.
Post / reverseCommands · Output
- Purpose
- Finalize or reverse an entry.
- Rules
- Posted entries are corrected by reversal, not deletion.
- Application effect
- Updates balances and trial balance.