The Accounting Desk offers views into all student general ledgers, payment schedules, and revenue ledgers. Deposits are reconciled against bank statements before payments affect ledger balances, increasing accuracy and reducing errors. Accounting periods can be closed and revenue recognized. Checks can be issued and EFTs made. 

Key School Optimizers

Predictable Cash Flow – Know when funds will be received from students, the USDE, as well as other third-party funding sources. Vocado recalculates expected disbursement dates for all funds nightly based on each student’s progression and any LOA or school holidays/closures.

Predictable Revenue Recognition – Several revenue recognition methods are available. Intelligent monthly recognition method provides a regular, predictable revenue for easy and accurate forecasting.

Integrated Reconciliation Process – Cashier and Accountant functions fully integrated. Bank deposits created by any Cashier produce Accountant alerts until reconciliation occurs with the school’s bank account. Automatic alerts generated for Title IV funds requiring reconciliation.

Vocado In Action

Payment Schedule - View the complete master status of all fund types.