The Budget Management feature in FTS School allows schools to create and strictly control financial revenue and expense plans, while performing performance analysis at multiple levels: whole school, grade level, individual class, or specific activities/projects.
Detailed Budget and Revenue–Expense Planning
Set up budgets by month/year:
- Project or specific task
- Department or business unit
- Cost category
- Product revenue
- Accounting account
Revenue – Expense – Financial Performance Analysis
- Automatically consolidate actual data from accounting, tuition collection, canteen, sales, and uniform modules.
- Analyze variance between plan and actual, supporting evaluation of:
- Percentage of actual revenue achieved compared to the plan
- Which expenses exceed budget and by how much
- Assess performance of each activity, project, or school unit
- Percentage of actual revenue achieved compared to the plan
Management Reporting
- Design customized management reports according to each school’s needs, based on data from all available software modules