Finance Software By Edunext Technologies

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 the desired output can be achieved.

Edunext ERP offers a Finance management module to manage school fees and finances 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, and advance. The details can also be viewed head-wise, payment mode-wise, installment-wise, etc.

The school can get desired reports such as invoicing, expense, ledger-wise reports, trial balance, income and expenditure reports, cashbook reports, bankbooks, petty cash, and balance sheets. 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 in 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 an 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.

Features of Financial Accounting

Auto Ledger Creation for Students
Voucher Posting with Option of 'On Account of'
Cheque Printing
Day Book
Trial Balance
Income and Expenditure
Vouchers from Admission Receipts, Fee Collection, Salary Payment, Inventory Sales, etc.

Payroll

The module is a comprehensive solution designed to simplify salary processing for schools. Say goodbye to a paper-based payroll system and adopt a modernized approach to payroll management. It allows schools to publish salary slips upon request, calculate TDS, and generate comprehensive reports for better financial oversight.

Generate ESI and ECR reports for Provident Fund (PF) compliance in just one click. Beyond payroll and tax management, the module aids in tracking bank salary disbursements, maintaining records of loans and advances for individual employees, and calculating increments and arrears. Its user-friendly dashboard provides invaluable insights into the entire school payroll system, helping administrators make data-driven decisions.

Managing payroll can be stressful. Switching to a digital system helps schools save time, minimize errors, and improve transparency. It also ensures compliance with statutory regulations, making it a perfect fit for schools of all sizes and types.

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