Billing Features of MarkersPro School Information System
In schools, the finance department is one such division where major day-to-day activities of the institute take place. Here, collecting fees and managing payables play a vital role and occupy half of the resources. The finance department receives payments and dispenses receipts to students daily, therefore, the school billing module process should be quick and precise. MarkersPro, a school information system, offers advanced education billing software to automate fee collection with comprehensive security and accuracy of your data. It helps parents to make the payment with just a few clicks.
The MarkersPro school billing module will assist the staff to use their time effectively and diminishes the burden of gathering payments and track invoices for administrations and parents. It can complete hours of work in few minutes and frees up resources for other activities.
MarkersPro school billing module
The Billing module can be used to create and manage Billing information for students. With the help of this module, you can create:
- Billing Head
- Fee Structure
- Manage Payments
- Payments Due
The Student Payable feature allows the individual student to be addressed with an option to define installments and adjust the payment amount that is due.
The Fee structure allows the admin to create and customize the fee structure according to the requirement. Based on the billing type, tailor the fee structure and define the amount that is imposed on the student with a variety of Frequency Types to choose from, such as
- Monthly
- Bimonthly
- Quarterly
- Half Yearly
- Yearly
- Ad-Hoc
Based on the frequency type, parents can control the payment frequencies with the start and end date and choose the installment amount to make the payment. The Payable Date allows the admin to add details regarding the payable dates for a fee structure.
The Payment Gateway function assists the administrator to configure and integrate the payment gateway in the billing section. According to the customer’s requirement, if they want to integrate 3rd party gateway to their billing system, Markerspro can customize and integrate their choice of payment gateway such as Bill Desk, such as Bill Desk, CC Avenue, Stripe, etc.
The Student Payment module allows the admin to configure and integrate the payment gateway for all the transactions that will be made by the students.
Additionally, when a student or parents logs into the system, they will see the Payment Due link on their dashboard. They can easily make payments by clicking on the link that redirects them to the student payment screen, giving them an array of payment gateways such as card payment, internet banking or 3rd party payment gateway to choose from.
The parents’ having more than one child in the school system will be equipped to make the payment for all their children at once, without having them visit the payment screen every time.
In a nutshell, the MarkersPro payment lifecycle for parent/ student include:
- Clicking on the Payment Due Link on the student/parent dashboard. This will navigate the student/parent to the due payment screen.
- Click Pay and select the desired payment gateway such as CC Avenue, Spice, and Bill Desk, etc. The payment gateway will be integrated as per the choice of the customer. Through the payment gateway, the user can carry out the payment using Net Banking, Credit-Debit Card, etc. (Based on the payment methods/options available at the selected payment gateway)
- After successful payment, parent/student will be navigated back to the Payment screen, if the user wants to make another payment.
- The Receipt of payment is to be available in the Past Payment section for download. Also, a copy of the receipt will be sent to the registered email via the payment gateway.
Additional Features that a MarkersPro education billing software offers
- Create Receipt - The billing software enables the admin to professional receipt.
- Easy Access to Student Billing Data - A school billing module provides you with a summarized student billing detail. All billing data can be found in one centralized place with easy search filters to access the records.
- Cashless Payment - Quick access to payment gateway to make payments with credit cards in a secure environment.
- Reduce Payment Errors - Many payment mistakes are the consequence of human errors. But, if we integrate SIS and mechanize the billing function, then the insecurity of making errors will be decreased.
- Multiple Payment Options: The multiple payment options facilitate parents to clear their payments seamlessly payment experience at home or on the go through NEFT or Credit Card.
- View Payment History - Parents can view the payment history and download the receipt at any time.
With the integration of student information systems and automating the billing processes, the education institute will save an incredible number of resources and time. An automatic billing system will ensure that the billing experience for parents and admin is smooth, simple, and quick.
Let the MarkersPro do the calculations and let the parents and admin concentrate on other aspects of their work.
