Important Features of Fees management System in School ERP
Fee Management System is the most important module of the School Management System. It is this module with which a school is able to manage all fees transactions of all the students. Fees Module includes accepting fees, generation of fees receipts, defaulter report and collection report etc.
Following are the few features explained –
- Schools have the authority to define groups heads at their will like admission fees, tuition fees, it fees, transport fees etc. Schools can define the fees to be collected monthly or quarterly.
- Overall school can configure the fee structure according to the class and course.
- System can display the amount of fees due and can generate daily collection reports.
- Fees Management System also calculates late fees as per the formula defined by school to school.
- Syncing with payment gateways is also possible like Banks, Paytm etc.
- All defaulters are sent reminder by sms for the fees due.
- School Management is able to generate different reports like group head wise, daily collection, monthly, yearly, defaulter report. Discount report and many other customized reports can also be generated.
How do school fees management system systems work?
In broad system a fee management system is divided few simple tasks which are as follows –
- Fee payment plan
- School Policies on discounts and late fees etc
- Installments to be predefined
- Concessions to be given on standard criteria
- Scholarships provided
- Late Fees Calculation formula
- Collection of Fees
- Generation of Reports
Conclusion
I conclude by stating that Fees Management Software makes the life of School Management simpler and easier.
For Demo on how our Fees Management Software module work please email at alpha@alphainfotech.net or visit our website www.alphainfotech.net