Income management focuses on recording all money received by the institution. This may include school fees, donations, or any other sources of revenue.
To record income, navigate to the Income section within the Accounting module and create a new income transaction. Enter the necessary details such as the source of income, amount, and relevant description. Once saved, the transaction becomes part of the financial records.
The system automatically captures certain types of income, such as fees collected from students, ensuring that records remain consistent without requiring additional input.
Administrators can also update or remove income records when necessary, ensuring that all data remains accurate and up to date.