Automated Fees Management System eases out tedious tasks.
Educational institutions have fees as the source of income. Thus it is important to have an efficient Fees Management System.
Student fees are an integral part of every school and college.
Fees is the amount charged by the institute for educating students. However, parents take admission of their child only if it fits their budget and interest. Each organization opts for a different pattern. For instance, fees can be either paid monthly, half yearly or yearly. Parents adhere to the same.
More the number of students, larger is the fees collection process. The fee management system updates the account database with collected fees. Some institutes offer a deadline to pay the fees. If not paid on time, there is a penalty. Various criteria are set by the authority. As a result, parents need to follow the same.
Notify in parents dashboard
All information related to fees is present in the parent profile. Each parent can login into the system and view the same. Additionally, it is visible in the parents mobile app dashboard. Be it pending amount or due date, it mentions in the fees detail column.
View to management
Higher authorities can check the total amount collected through fees. Also, they can have a segregated view of the same. Further, total fees collected per day or class is visible. This helps them to track and analyse. And so take appropriate measures.
Automatic accounts update
Managing accounts is very important. Any mismatch also affects the reputation of the school. The accountant can see the total amount collected through various means. S/he can classify the defaulters. And so this is visible to the class teacher. Further s/he sends notification to parents.
Update in student profile
Complete details present in the student database are visible in the student profile. Further, every student can access the same through individual login. An explicit column is available with fee details. It includes all types of fees – curriculum, exam, transport, etc.
Pay online or offline
The software development company designed a unique Fees Management System. It has an integrated online payment gateway system. Parents can pay fees through both online and offline modes. The same is automatically updated in the database.
An efficient system records every financial transaction. As a result, generates a receipt for any amount paid to the institute. The same is available for download. However, they are all saved in the related student and account database for further use.