School Fee Management System – Benefits & Features

Fee is the most vital element of the Schools or any educational institution. Managing all the fees received sometime becomes a nuisance with all the paperwork. Also, the management will always look out for the revenue due and generated from their institution. The School Fee Management System will help all the educational institutions to work hassle free with regards to fee collection and reporting.
Fee Management System is an comprehensive solution for schools to automate the collection and reporting process. It ensures the hassle-free and paperless fee management, almost saving 95 percent of manual work. The module calculates automatically the pending fees, payment history, discounts and concessions if applicable, to the selected student.

Benefits of School Fees Management System

• Centralised Solution:

The system is web-based so that makes it centralised. It allows data storage simple and easily accessible.

• Minimise Manual Work:

It automates maximum processes that reduces the manual intervention and makes the system error free.

• Save Time:

The above point also indicates that with low manual intervention, it will save time. This can used to work on further strategies for the school.

• Offline and Online Fee collection:

The system allows both modes of payment for the schools to manage all payments in one platform.

• Manage Fees Titles:

The fees head are the titles like registration fees, tuition fees, resit charges and so on. The schools can add and link to multiple courses as all the fees head are not required for all course.

• Safe and Reliable:

All the financial data are secure in our system.

Features of School Fees Management System

• Define Fees Slab:

The fees is revised every year. This management system will allow the schools to manage course fees intake wise.

• Fees Installment Facility:

Create installment for students who cannot pay in one go. The system automatically creates the installments as per amount and number of installments mentioned.

• Fees Collection:

Highly secure payment gateway system is integrated in the student portal for the students or parents to make the payment directly online. The schools can also maintain the payments received through other modes like cash, bank transfer, cheques or card.

• Automatic Receipt Numbering:

The system provides automatic receipt numbering to reduce duplication errors.

• Fees Ledger:

All the entries related to fees such as amount received, fine and charges, will be updated in individual student ledger plus creates a record in the report.

• Reporting:

The fee reports have been divided 2 parts, one for student fees report that shows paid fees, pending fees and discounts given to individual students. The second report shows the revenue generated by the school on weekly, monthly and yearly basis.

• Import Feature:

The users can always export the reports and lists in Excel, CSV, PDF. You can also print it with any printer integrated with your desktop.

I am sure the above information is helpful to you and you will surely take step ahead to add this system to your Institution.
The above mentioned features are generic to all educational institutions, however, if your School requires to add any new feature regarding the fee management, the system is customisable.

To know more about the fees management system, you can contact us at support@ourcampus.co.uk