Features in details

 Fee Management

• Students can make monthly fee payments online through the Mobile App. Offline payment  collection option is also available at the school.
• Late fees are automatically calculated and applied according to the school’s established policies, ensuring transparency in fee collection.
• The system generates various reports for fee management, including Online Fees Payment Details, Outstanding Fees, and Fee Collection Reports, for better financial tracking.
• TulipDesk generates head-wise fee collection reports as well as consolidated outstanding fee summaries for financial oversight.
• The system provides monthly outstanding fee reports, helping schools identify pending payments and follow up systematically.
• TulipDesk offers fee reconciliation reports and summaries to help schools match collections with records and maintain financial accuracy.
• Administrators can get an overview of overall fee performance. At-a-glance dashboards and summary reports provide a clear view of total collections, outstanding amounts, and financial trends.

 Finance Management

• Ledger, Sub-Ledger & Supplier Management. School authorities can define and maintain a structured chart of accounts, including ledgers, sub-ledgers, and supplier records, to ensure accurate financial classification and streamlined accounting processes.
• Record and track all incoming payments through bank or cash, with proper references, dates, and supporting documents for complete financial transparency.
• The system helps track bank & cash payments with approval workflow.
• Process outgoing payments with multi-level approvals, ensuring proper authorization and control over financial disbursements.
• Manage vendor and supplier bills from booking to final payment, including approval stages, due date tracking, and status monitoring.
• Create, review, and approve journal entries to record adjustments, accruals, and corrections, maintaining accurate and compliant financial records.
• Issue, track, and reconcile credit notes and debit notes for returns, adjustments, or billing discrepancies with suppliers and service providers.
• Record and monitor cash withdrawals from bank accounts, ensuring proper linkage with cash books and supporting documentation.
• Perform periodic bank reconciliations by matching system records with bank statements to identify and resolve discrepancies efficiently.
• Enter and approve contra vouchers for internal fund transfers between cash and bank accounts, maintaining clear audit trails.
• Manage year-end closing processes, including locking of accounts, final adjustments, and preparation of statutory and internal financial statements.
• Generate detailed and summary-level reports such as Cash Book, Bank Book, Journal Book, Balance Sheet, Trial Balance, Income & Expenditure, Receipt & Payment, Cash Flow Summary, Purchase Bill Register, and Bank Reconciliation Statements for informed financial decision-making.