Simplifies Fees Collection, Automates Transactions, and Provides In-depth Financial Reports
Cyclomax’s Finance Module empowers educational institutions with a robust suite of tools to streamline financial operations effectively. From automated chart of accounts to seamless transaction management and comprehensive reporting capabilities, this module ensures financial transparency and efficiency.
Finance Module
Features of Finance Module
Automated Chart of Accounts
Configure and maintain a structured chart of accounts tailored to educational finance needs, ensuring clarity and consistency in financial transactions.
Journal Entries and Voucher Payment
Streamline transaction recording with automated journal entries and voucher payment processes, reducing manual errors and enhancing accuracy.
Bank Reconciliation
Automatically reconcile bank statements with accounting records to maintain financial accuracy and integrity.
Fee Management
Automate and streamline fee collection processes. Track real-time fee collections and pending fees, schedule fee collection dates, and customize fee structures based on student categories or courses.
Fee Receipts and Payments
Design and customize fee receipt templates, manage advance fee payments, and issue invoices for pre-scheduled fees like general, hostel, and transport fees. Enable online fee payments via integrated payment gateways.
Financial Reporting
Generate detailed financial reports including income and expense transactions, balance sheets, income statements, and cash flow statements. Easily compare financial data across different periods and generate tax reports effortlessly.
Tax Calculation and Discounts
Configure tax slabs such as VAT, GST, and manage discounts and late fee collections. Facilitate instant fee refunds and manage income tax deductions for staff salaries with automated salary slip generation.
