School Accounting Software

Mixing categorical funds, federal grants, and general operating dollars creates an audit risk. MIP Accounting’s segmented chart of accounts keeps every fund separate and traceable, with validation rules that enforce correct coding at the point of entry. GASB-compliant financial statements and federal expenditure reports generate directly from the system.

District budgets don’t follow a simple annual cycle. Grant periods overlap fiscal years, categorical funds expire on federal timelines, and mid-year adjustments are constant. Build unlimited budgets across any time frame, enforce spending controls by fund, and run what-if scenarios when state funding shifts or enrollment projections change.

From Schedule of Expenditures of Federal Awards (SEFA) to per-pupil expenditure reports to fund-by-fund board presentations, Momentive’s 150+ built-in templates cover the full range of education reporting requirements. Build custom reports for your district’s specific needs, Drill Down to transaction-level in seconds, and automate delivery to administrators, board members, and state agencies.

Momentive Automated Payments, powered by Corpay, processes ACH, EFT, and virtual card payments with the fund-level coding your programs require. Every payment posts automatically to the correct grant or program, with a complete audit trail from invoice to disbursement.

Personnel costs are your largest budget line and the most error-prone to allocate. Momentive Software connects payroll directly to fund accounting and automatically distributes salary and benefit costs across Title I, the general fund, and special programs, eliminating duplicate entries and manual end-of-month reconciliation.

Maintain a tamper-evident audit trail across every transaction, enforce role-based access by program and fund, automate indirect cost allocation, and issue view-only licenses to your finances. When a monitor asks for documentation, your answer is a few clicks away, not a few days.