With the advancement in technology that has crossed leaps and bounds in the education sector, school staff and teachers have access to a sea of information in just a few clicks. The first and foremost question most schools ask is “What report should we be viewing?” and “What data matters the most?”. Here arrives the School Management Software which delivers customizable and detailed reports on the complete academic progress of children.
Even though each and every school is different and their management system varies accordingly, an errorless report is something that every school should be looking forward to. As a result, to manage the entire finances of campus operations effectively, analytics and reporting is necessary. If the figures in the reports were found incorrect, it is perhaps a sign that something has gone mismatched and your schools administrative activities may not be controllable as it should be.
Let’s see how Management Software for schools helps educational institutions to streamline its academic progress
Fees from students form one of the major parts of the schools’ budget. Do you feel, the fee collection in schools is one of the hectic tasks? Many parents complain they are not well informed in advance through SMS or phone. It takes too much time to arrange money and make the fee payments as per schedule before due. In addition, mode of payments matters a lot. Some schools collect fees through online payments while others still prefer fee transactions by-hand.
Do you know, keeping up to date records of the fees collected from students are very important to maintain clean financial records? In conclusion, invest in School Management Software and automate the entire school activities.
Fees overdue reports not only help you know the pending dues of each student but also help you understand and alert parents to make the payments at the earliest. As a result, keep an eye on the fees overdue report always. If the number of students with fee dues is high, it’s a warning that you should immediately start sending reminders asking parents to make the payments as soon as possible.
In schools, managing vehicle details, driver information, vehicle log book, vehicle tax & insurance information etc. is such a cost-consuming. The vehicle fuel and service details are something you have to look upon which adds to the school expense. Schools should also track the vehicle odometer details, repair and service information to include in the total transportation costs. For instance, applying the shortest and convenient routes for your school buses will also save you a few thousands if you start analyzing your transport data correctly. Diverse educational institutions have already taken necessary steps to reduce their transportation costs . All you can save is a part of your schools’ budget if you run through this report periodically.
The purchase and sale analytics is another aspect contributing to your schools’ monthly expenses. A report that shows office supplies will give you a detailed segmentation of the school stationery supplies and by products (paper products, writing instruments etc). Generally, paper-based products constitute the major share of your school’s stationery supplies. Above all, encourage your school to reduce paper promotional materials and store all newsletters and catalogs online. Get quick access to store & school supplies via School Management Software. Store and school supplies help in generating reports which monitor the ledgers of school supplies and update the stock registers error-free.
Payroll is frequently one of the most significant expenditures for a school. Not only is payroll a regularly occurring expenditure, but it also comes with taxes, insurance, and additional add-ons like vacation schemes, sick days and other benefits. The productivity of all teaching and non-teaching staff is an important aspect of institutional growth and is the amount of production your employees give per hour, day or week. Unfortunately, there is no magic payroll formula that can be applied to every school. However, schools with their payroll expenditure under 30% of their gross revenue tend to be more successful, at least from a payroll perspective
Almost all schools place particular importance on integrating the use of digital technology in learning. Moreover schools should consider the purchase of computers, laptops, projectors, printers and other equipment. In addition to the purchase costs, schools may need to pay the installation costs and in most cases maintenance charges too.
Well, internet and telephone bills are the recurring expenses. In most cases, internet bills tend to be a constant amount every month unless schools change their internet plans. However, telephone bills are a variable expense and it is critical to monitor the usage every month. If there is an option to track individual staff’s phone usage, you should look at the volume of calls made from each staff’s end. In this way, you can get an in-depth knowledge of the phone usage and also get the necessary inputs to modify your plans. Don’t let the internet and telephone bills be due. To sum up, Management software for schools have all that you desire.
