Optimize financial management with a flexible module covering invoicing, payment tracking, and multiple payment options (direct debits, online payments). This module supports multi-entity and multi-currency management, meeting the needs of international schools.

AdministrativeOptional module

Optimize your institution’s financial management with the Finance module, integrated with the other modules of the Eduka platform and tailored to the specificities of your country.

Accelerate your management processes with semi-automated invoicing, various payment methods integrated with banking systems, as well as simplified debt collection through reminders and the parent portal. Numerous reports and real-time data will allow you to monitor your financial flows with ease.

Key benefits:

  • Simple configuration of fees and deductions.
  • Bulk invoicing and on-demand invoicing.
  • Online payments and automatic debits.
  • Real-time payment tracking.
  • Dedicated financial portal for parents.
  • Key regional specificities available as standard.

Features:

  • Invoicing:
    • Bulk invoicing and on-demand invoicing for multiple periods or different school years.
    • Adaptable to all types of fees, deductions, and taxes applicable in your institution.
    • Notifications of changes from other modules to adjust invoicing (arrivals, departures, activities, etc.).
    • Multi-payer, multi-currency, and multi-entity management.
  • Payment methods:
    • Online payments, direct debits, banking files interfaced with Eduka.
    • Check management and bank deposits.
    • Installment payment options.
  • Debt Collection:
    • Real-time debt collection tracking to reduce the risk of disputes.
    • Aged balance to manage cash flow.
    • Bulk or specific reminders to payers.
  • Financial portal for parents:
    • Viewable payer balance and transactions.
    • Online payments available.
    • Input of bank details with generation of the bank form.

Module screenshots

Features & functionality

Administration

🔧

Financial settings

  • Setting up the fiscal year, currencies, exchange rates
  • Defining billing plans: tuition, services, discounts, penalties
  • Multi-currency management with allocation by student or financial manager
  • Configuration of tax rules: VAT, exemptions, tax liabilities

Billing

  • Automatic generation of invoices according to:
  • Tuition fees (monthly, annual, etc.)
  • Services (canteen, transport, AES, etc.)
  • One-off events or billings
  • Billing by student, family or third-party payer
  • Centralized or individualized billing management
  • Manual or batch creation
  • PDF invoices generated and archived automatically
  • Custom or sequential numbering
  • Taking into account discounts, grants and specific adjustments
  • Preview functionality before validation

Payments

  • Manual or automatic payment entry
  • Integration with payment solutions: Stripe, SEPA transfer, check, cash, direct banking, etc.
  • Management of partial payments, overpayments and balances
  • Configurable automatic reminders
  • Receipt generation
  • Unpaid debt tracking table, alerts and customizable filters

Assets & Credits

  • Issuance of credit notes linked to cancelled or modified invoices
  • Automatic or manual generation
  • Monitoring and application of credits on future invoices

Financial monitoring & reporting

  • Synthetic dashboards (receipts, receivables, collections, etc.)
  • Financial analysis reports by period, currency, expense type
  • Accounting export to third-party software (Cegid, Sage, QuickBooks, etc.)
  • Generation of preparatory statements for annual closing
  • Bank reconciliation
  • Powerful filters for custom extractions

Automation & communication

  • Automatic sending of invoices to families by email
  • Provision of invoices and receipts on the parent portal
  • Configurable reminder notifications (timeframes, content, frequency)
  • Automation of late payment penalties (fixed amount or percentage)

Specific integrations

  • Integration into the Services module: invoicing linked to registrations
  • Integration into the Admissions module: registration fees, test, file
  • Integration with the Cash register module: monitoring of cash and time-based payments
  • Interface with local tax systems (Brazil, Morocco, etc.)
  • Management of e-invoicing obligations if applicable

Parents

👥
  • Access to Finance portal:
    • View invoices
    • Download supporting documents (PDF)
    • Secure online payment if enabled
    • View receipts and payment history
  • Automatic email alerts for:
    • New invoice available
    • Payment reminders
    • Payment received
  • Centralized multi-child access
  • View up-to-date balances