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Financials

This is a complete audit-compliant budgeting and accounting module. It allows the creation of financial year, budget heads, account groups, account major heads, account sub heads, etc.

 

Indicative Features

  • Accounting Rules allow the user to define the Financial Year, Budget Heads, Accounting Groups and Cost Centers
  • All school specific account heads can be defined and grouped as per school’s processes
  • The module follows industry standards as per double entry accounting practices
  • Only after approval a voucher is considered to be final and reflects in accounting books
  • Standardised workflow with necessary controls in the form of creation and approval of vouchers
  • The stake holders have absolute real-time control over income, expenditure, asset and liability positions
  • Instant creation of Budgets, P/L statements – enabling access to financial health status of the organisation for better financial decisions

Indicative Reports

 

  • Budget Details
  • General Ledger
  • Bank Day Book 
  • Cash Day Book
  • Sub-Ledger
  • Trial Balance
  • Balance Sheet
  • Profit & Loss Statement