The bursar’s office collects and analyses all student charges and fees, including tuition, student unions, and health and dental insurance. The bursar’s office is also in charge of accounts payable, travel claims and invoicing, and payment receipts. The bursar’s office ensures that an institution follows sound fiscal practices and fosters an inclusive environment in order to manage an institution’s financial resources ethically, safely, and transparently. Bursars, on the other hand, are rarely involved in financial aid decision-making.
The bursar’s office oversees an institution’s financial services, endowment fund management, and all accounting, including student accounts, faculty and staff payroll, and group plans such as insurance and pensions. A bursar frequently reports to a comptroller, who is in charge of an institution’s accounting and financial reporting.