The bursar’s office is responsible for collecting and analyzing all student charges and fees, which includes tuition and student unions and health and dental insurance. The bursar’s office is also responsible for areas including accounts payable, travel claims and invoicing and receipt of all payments. The bursar’s office ensures that an institution is maintaining sound fiscal practices and fosters an inclusive environment to manage an institution’s financial resources ethically, safely, and with a high level of transparency. However, bursars are not generally involved with decision making in the financial aid process.
The bursar’s office manages an institution’s financial services, management of the endowment fund and all accounting, including student accounts, student, faculty and staff payroll and administration of group plans, such as insurance and pensions. A bursar often reports to a comptroller, who supervises an institution’s accounting quality and financial reporting.