FINACS - An accounting software specially designed for schools

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An accounting software specially designed for schools

A Must Have Tool for School Administrators

FINACS is an accounting software specially designed for schools that require a complete, powerful yet easy to use accounting engine. Designed for educators by educators, Finacs is suited for private, public, and international schools of all sizes and complexities. FINACS revolutionizes student billing, ﬁnancial accounting and reporting, to maximize revenue collection.

Features

Simple and easy installation
User customizable screen colours
Extensive right click menu actions
Multilingual facility and custom menu captions and labels
Dual currency handling and handy currency calculator
Reminders and to do notes
Pre-defined excel format to import other entities
Drill down facility in all the reports
Online help

Rich and truly helpful screens
Tabbed design and intuitive visual work flow screens
Shortcut keys, easy navigations, and global search
Field defaults for easier data entry
Back up scheduling
User access rights
Reports exporting to Excel, PDF, CSV and text format
E-Mailing facility
Custom report generator tools like report writer and financial report

Modules

Student Billing

Dual currency
Multiple guardians or sponsors for a student
Flexible definition of 'tuition charges'
Dispatch invoices - bulk printing and emailing of invoices to guardians or sponsors

Accounts Receivable

Provision to create 'customers' other than 'student sponsors'
Facility to import customers from Excel
Cash and bank receipts
Dual currency calculator for international schools

Purchase and Accounts Payable

'Individual' and 'multiple' payment option
Check designing and printing
Aging reports with provision for user definable aging buckets
Facility to import items and vendors from Excel

General Ledger

Chart of accounts structure - 'n' levels with import from Excel
Funds, fund groups, and cost centers
Recurring journal voucher template
Petty cash transactions
Facility to receive money in multiple currencies in a single transaction

Budgeting

Budget based on any combination of account, fund and cost center
Different flexible options to create the budget
Validation conditions to warn, prevent or to override the budgeted amount
Define budgets using previous year budget balances

Utilities

Setting of the language of the application
Setting of the colors for every screen
Definition of layouts for check printing
Customize preferences
Import transactions for ledger from Excel/CSV file

Payroll

Personal records of employees
Any number of user definable payment and deduction heads
User manageable formula for calculations
Tax table imports
Pay checks generation

Fixed Assets

Assets groups and types
Depreciation by 'straight line' and 'declining balance' methods
Monthly/yearly depreciation options available
Automatic journal entry generation of depreciation
Asset register and asset history

Reports

Multiple reports for each module in FINACS
Provision to create customized transaction wise or account wise reports
Provision for accessing reports created from report generator tools

Contact Us

Location

US
Headquarters:
200 Metroplex Dr, Suite 302
Edison, NJ 08817

INDIA
Development Centre:
#983-985, 7th Cross, 24th Main, HSR Layout,
1st Sector, Bengaluru - 560 102
Karnataka, India