Managing Your Economy

Resetting students' bank accounts, daily bonus points, and allowing teachers to create rewards.

Rewards Options

Click here to access Rewards Options or go to Rewards > click "Record" > and choose "Options."

Allow Teachers to Create Rewards

You can choose to allow teachers to add their own rewards to the Rewards Menu – just enable this permission in your Rewards Options. With this enabled teachers can create rewards, but teachers cannot delete rewards.

Daily Bonus Points

Another option in the Rewards app is adding daily bonus points. Daily bonus points are a great way to ensure students are earning points consistently and have points to spend on rewards.

To turn on bonus points, go to the Rewards Options screen, then set how many daily bonus points students should earn. This amount of points will be deposited into students' bank accounts each weekday morning.

Switch Daily Bonus Points to zero when students aren't in school during the week, for example during Spring Break.

Resetting Students' Bank Accounts

If you're looking to track bank accounts over a quarter or semester, consider using Scoreboards or Dashboards and using a custom time frame for the quarter, semester, etc.

You can reset student bank accounts as of a prior date. Doing so will set student bank accounts to 0 as of 6 a.m. on the date that you select, but no data will be deleted.

Important note: if students have purchased rewards after the date you choose when resetting bank accounts, their bank accounts could show a negative balance. For example, let's say on Nov. 4 you choose to reset bank accounts as of Nov. 2, but students purchased rewards on Nov. 3 (using all of their points earned since Nov. 3). When you reset bank accounts on Nov. 4, LiveSchool will set all students' bank accounts to 0 as of 6 a.m on Nov. 2, and deduct the rewards already purchased on Nov. 3 from the points students earned between 6 a.m on Nov. 2 and the time they purchased the reward on Nov 3. If the reward is worth more points than what students have earned since Nov. 2, their bank accounts will show a negative balance on Nov. 4.  


Choose Setup


Click Site


Click Clear Site Data


Reset Bank Accounts as of a Specific Date

Choose a date that you'd like to reset bank accounts as of. Students' points after this date will not be affected.

Enter your password then click Reset Bank Accounts.

If students purchased rewards any time after the date you choose when you reset bank accounts, students' bank accounts could show a negative balance (see "important note" above Step 1).