Accounting Software for Schools and Colleges module is complete accounting software that enables effective management of a school, college or institute. All Types of accounting transactions can be tracked by using this module and it reflects in books of accounts automatically. Accounting module in Advanta Rapid ERP is so reliable and powerful that you will never need to use any other accounting software with it. Not only posting of vouchers, you can also import any data from other software into Advanta Rapid ERP.

All the reports like Ledger, Bank Book, Cash Book, Trial Balance, Income & Expenditure Account and Balance Sheet are available with this school/college accounting software. Accounting module keeps track of various expenses made by the school or institution. It also has the facility to generate and print vouchers, which are an essential document for accounts. The school/college accounting module is available for all types of schools, colleges, educational institutes, coaching institutes. This module is an important component of our school management system, college management software and institute management software.

 

Importance of the Accounting Software

Accounting module is the most difficult and important task to perform for any school/ institution/ colleges. Accounting module in Advanta Rapid ERP provides an efficient and effective solution as it helps in managing the various day to day expenses. Accounting module stores and manages all data regarding the bank transactions as well as student fee collection or any expenses.Accounting Software module with Advanta Rapid ERP

Accounting Software module with Advanta Rapid ERP

Accounting Software for Schools and Colleges efficiently manages all the expenses and incomes, along with provision given for security and complete data storage. Day book is maintained for all the transaction done on daily basis. In Rapid, you can easily import data related to accounts voucher from tally software. Advanta Rapid is the most reliable, affordable and user-friendly accounting and school management software.Features of Accounting Software

Features of School/College Accounting Software

1. Easy to use

Advanta Rapid ERP is software which is very user-friendly and easy to use. Accounting module in this software helps to view all the transaction and reports just with a click or key-press.

2. Cost Saving

Advanta Rapid is not very expensive as compared to other software solutions. It is designed for the purpose so that not only large institutes but also small schools can easily maintain their accounts at the reasonable price.

3. Maintaining records

With Advanta Rapid ERP, you can easily maintain the records for different financial years with high level of security and accuracy

4. Automatic report generation

Once you have entered the data, like entries related to receipt, payment etc, automatically there will be reports like trial balance, balance sheet in Advanta Rapid ERP.

 

Accounting Software workflow

Below is the workflow available in this school/college account software:

Step 1: Ledger creation

You can easily create ledger accounts for all the suppliers and vendors of the school or college.

Step 2: Posting Accounting entries

You can create following accounting transactions in this software:
  • Accounts Vouchers:
    • Receipt
    • Payment
    • Journal
    • Contra
    • Debit/credit note
  • Detail payment/ Receipt
  • Bank Reconciliation

Step 3: Reports

Following are the reports that are generated automatically by accounting module:
  • Ledger
  • Trial Balance
  • Final Books
    • Profit/loss statement
    • Balance sheet
    • Income/ expenditure statement
  • Books of accounts
    • Ledger (multiple accounts)
    • Cash/bank book
    • Day book
    • Journal
    • Sale register
    • Purchase register
    • Bank Reconciliation Statement
  • Outstanding collection Analysis
    • Receivable amount
    • Payable amount
    • Collection Sheet
    • Outstanding aging analysis
    • Cash receipt report
  • Depreciation Chart (income tax Act)

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