Account terms refer to records kept of income, expenditures, savings, and balances. In schools, seven types of accounts track money from fees, fines, the library, expenditures, savings, administrative payments, and funds. School accounts are managed through fee heads that identify what students pay for, such as tuition, libraries, maintenance, and sports.

1. Account term is used in general to say it is the helper
which helps in keeping the records of Saving,
expenditures, incomes, Balance of money.
School Accounts mean the record keeping of the
income, expenditure and savings of school money.
In school, there are seven types of accounts-
1. Fee account (Bus, student, other)
2. Fine account (late deposit of any type of fees)
3. Library Accounts (buying books, fine for late
returning)
4. Expenditure Account (Buying or maintaining any
kind of thing for school)
5. Saving Account
6. Administrative payments account (payment to
teachers and others staff of school)
7. Fund account (provided by government or private
sector)
Fee Heads: To manage the accounts of school the fees
heads are created. So that an individual knows for
what they are paying. Fee Heads are like-
Tuition fees, Library, Maintenance charges, Sports
etc.