Indian schools often accept installments. The system should show a clear running balance after every payment.
Recording a payment
- Open the student’s fee ledger or invoice.
- Enter amount, payment mode (cash, UPI, bank transfer), and optional reference.
- Save — a sequential receipt is generated for audit trails.
Reconciliation
During admission season, reconcile daily against your bank or UPI statement. See Cashless fee collection on the blog.
Reports
Use defaulter and collection summaries for weekly principal reviews: Run defaulter report.