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Income and expenses

The cash book a school office actually keeps

A register per account — money in, money out, running balance.

Never negative

an account that cannot hold the money refuses the entry

The problem today

A diary for the drawer, a bank statement in a folder, and no figure for what the school spent this month until somebody adds it up.

What you get

How income and expenses works in Edubrains

A register per account

Cash drawer, bank account, petty cash — each with its own running balance.

An account cannot go negative

A drawer either has the money or it does not, and an overdrawn account is nearly always an entry filed against the wrong one.

Transfers are two rows

Moving money from bank to drawer records both sides, so no account silently gains or loses.

Nothing is deleted

An entry is voided with a reason and stays on the record.

Not double-entry

Deliberately a cash book, because that is what a school office keeps and fills in. A chart of accounts is what your accountant builds once a year from these figures.

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