MyEdu Introduces Fees Management Module to Uncomplicate Transactions

Ahmedabad, India, November 27, 2019 --(PR.com)-- MyEdu has managed to create a superb reputation with its software solutions that are highly beneficial for schools, colleges, and coaching centers. Now, the company is back with a revolutionary solution to help schools and colleges that have not yet adopted digital solutions for fee collection as well as management.

The financial health of any educational institution plays a critical role in its day-to-day operations. Thus, maintaining records for fees, donations, government grants, library charges, transport charges, etc. is one of the essential tasks for such organizations. Proper accounting makes quarterly, yearly auditing easy.

"Even in this era of digital payments, some educational institutions either collect fees in the form of cash or cheques as they believe they cannot afford the cost in digitalizing operations. Issuing receipts manually and making multiple data entries complicate the collection procedure even further. MyEdu’s new fee management module can help such organizations in considerable saving resources by eliminating the need to issue receipts and make manual data entries by automating the entire fees collection procedure. Such automation proves to be of great help for administrators, students, and parents," said the executive from MyEdu while sharing details about the software.

The system enables administrators to adjust fee components according to the course, grade, streams, etc. It can also help in generating tax, cess, and other reports as per state education department regulations. Collecting fees in installments, offering discounts on fees to selected students, applying late payment charges also becomes easy.

The software integrates with the school website/payment gateway, app, and makes fee payment, digital/manual receipt generation easy. Students can make payments using debit/credit cards, fund transfer, net banking, and wallets as well.

Daily, monthly reports for fee collection, pending fees, and reports with program/course wise details of students with unpaid fee amount can be generated within minutes.

MyEdu's fees management software can be integrated with existing ERP or accounting solutions to ensure the organization makes the best out of available resources.

Are you searching for a software vendor with experience in developing web and mobile app-based solutions for educational institutions? You should surely connect with experts at MyEdu. Their team has a vast experience in developing fees management app for schools and colleges.