The accounting system has different functionalities from the finance system, but both systems are integrated. The accounting system allows users to view and generate reports like Debit Memo/ Credit Memo, Account Summary, Student Ledger Summary, Transaction Report, Actual Deposit, Collection Report, Cash Receipts, DM Issued, Individual Account Summary, Statement of Account, and other reports needed by the accounting department. The system is also capable of automatically computing the penalties of students by viewing the Overdue Charges functionality of the system in the accounting user level.
One thing that the finance and accounting departments have in common in viewing the system is that they are both able to view the ledgers per student account. Though, it depends on the role or user level access whether they are allowed to accept transactions or only view the transactions.
Nephila Web develops the system based on the requirements of the end-users, we work and collaborate with them as they fully understand their business procedure. We gather and discuss their requirements, and recommend solutions to shorten or simplify their needs for system automation for the Finance and Accounting System.