Financial Management
Bank Details and Fund Transfer
- Manage bank account information, including account numbers, bank names, and other relevant details.
- Provides a secure and efficient system for transferring funds between accounts, such as from the school's main account to a project-specific account or for inter-departmental transfers.
Profit and Expense Tracking
- Centralized view of income sources, such as tuition fees, donations, grants, and other sources of funding. It helps schools analyze their revenue generation and identify areas for growth and improvement.
- Keep track of financial health with clear profit and loss statements. It provides a summary of income, expenses, and the resulting profit or loss over a specific period.
- Allows administrators to categorize expenses, such as salaries, utilities, supplies, and other operational costs.
The Financial Management module empowers schools with effective management of financial structures, bank accounts, income monitoring, profit and loss tracking, expense management, fund transfers, and detailed financial reporting. It enhances financial transparency, accuracy, and decision-making, ensuring the overall financial health and success of the school.