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FINANCE

Finance is a very important part of the school and it should be managed well. A good school management software should have features and functionalities to manage the financial transaction so that it can be analyzed well and desired output can be achieved.

Edunext ERP offers a Finance management module to manage school fees and finance properly. This application empowers users to create a user-defined ledger, ledger group, voucher, voucher type, voucher scheme, and reports. It has an intuitive dashboard that gives an insight into fees projected collection, collected amount, pending, advance. The details can also be viewed head-wise, payment mode wise, installment wise, etc.

The school can get desired reports such as invoicing, expenses, ledger wise reports, trial balance, income and expenditure report, cashbook report, bankbook, petty cash, balance sheet. The finance module is centrally integrated with all the modules where any financial transaction is involved like fee, admission, inventory, payroll, etc.

Financial Accounting

Keeping a close watch on every financial transaction of any nature and any magnitude is truly essential for every establishment and schools are no exception to it. This module can be easily integrated with Tally ERP 9 and comes handy in creating vouchers for admissions receipts, fee collection, salary payment, inventory sales and others. It helps in voucher posting with an option of ‘On Account of’ which is useful for the Accounts Department.

It enables the school to create auto ledger for the students. It helps in cheque printing, maintaining a day book, trial balance, income and expenditure sheet and balance sheet with an option of drill-down.

Key Features

Features of Financial Accounting


  • Auto Ledger Creation for Students

  • Vouchers from Admission Receipts, Fee Collection, Salary Payment, Inventory Sales, etc.

  • Voucher Posting with Option of ‘On Account of’

  • Cheque Printing

  • Day Book

  • Trial Balance

  • Income and Expenditure

Payroll

The module processes salaries and generates related reports for the school. It also publishes salary slips online, as today everyone demands for it for different purposes. The module acts as a data bank to store information regarding savings and investment details of each individual employee and it stays with the school perennially and can be altered at any given point in time whenever there is any change.

It helps in TDS calculation and generates reports related to it. The ECR file can be generated through this module for the purpose of Provident Fund (PF). The calculation related to not only PF but ESI is possible here and it helps to generate reports regarding it.

The module also prepares reports related to bank salary disbursement and helps the school to keep a record of loans and advances for every individual employee. Moreover, it is very helpful in calculating increments and arrears.

Key Features

Features of Payroll


  • Salary Processing & Reports

  • Online Publishing of Salary Slip

  • Savings and Investment Details Collection Online

  • TDS Calculation and Reports

  • ECR File Generation for PF

  • PF and ESI Calculation & Reports

  • Bank Salary Disbursement Report

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