FTS School integrated with FTS Accounting software to synchronize tuition data, settlements, and automatic accounting entries.
Method:
- When collecting tuition, data is auto accounting to cash or bank accounts while recording the students’ accounts receivable (131).
- Exemptions, payment discounts, meal fees, bus fees, and other charges are accurately accounting to ledger.
- During settlement, the system generates auto journal entries based on actual service usage data (meals, clubs, etc.) and registration data (tuition, facilities, boarding, etc.) to record revenue, receivables, exemptions, and related transactions.
Advantages:
- Reduces manual data entry, minimizes errors
- Synchronizes financial statements and management reports.
- Reconciliation of receivables and revenue.
With this integration capability, the school can manage all services and finances in a unified system,save time and accuracy
