The software assists financial experts in suggesting the Financial solutions for the schools. It is a transparent medium that works with infinite accuracy. Maintaining finances is essential for every institute, thus, the financial accounting module of “Web School Manager” helps the management in identifying their daily transactions. The software helps in planning and monitoring the budget expenditure by the management to control the flow of money in and out so as to regulate the profits. The auditing of financial transactions is done with explicit accuracy on daily basis or as per convenience of the higher management of the institute.
This way, the software can also help the management in making a scope of growth by re-planning the steps. It manages the activities related to fee payments, maintenance expenses, cheques, passbook, deposits, withdrawal of amount, transfers as well as other miscellaneous expenses. The module offers the users to view their cheque history, passbooks, transfer money details. Through its tally integration system, the module lets the management to keep an eye on the real-time transactions and payments for efficient expense management. The system accepts money transfers and accepts through Credit/Debit cards, Internet Banking as well as UPI.
There is a feature to attach a Reference document in order to be able to keep an eye on the future transactions. To take the full advantage of this feature, financial reports and summaries can also be generated which can be handed over to the designated Accountant or CA for the institution. All the transactions would remain transparent to the authorized user which can further help the user in tracking the liabilities and cross-checking the financial statements or the balance sheets. The income and expenses reports can also be generated to have a fair idea of costs incurred and the intended profits.