Questions about Finocket for Schools
- Do I have to store students' details?
No. A bill goes to the payer, usually a parent or guardian. Batch and enrolment number are enough to match a payment (both fields come with the tuition and coaching setup, which sign-up suggests and you apply in Setup review), and we recommend not typing a minor's name or contact details until you have the guardian's consent.
- Does Finocket take attendance or run classes?
No. Finocket handles fees, GST and books. Attendance, timetables, exams and live classes are not part of it.
- Typing the same fee receipt for every student, every month
A fee register in a notebook or spreadsheet and a receipt book filled in by hand at the desk. A recurring fee bill drafted on the same day every month for you to review and send, with the period covered printed on it (the tuition and coaching setup, which sign-up suggests and you apply in Setup review, adds batch and enrolment number fields to fill on each bill).
- Cash collected at the desk never matches the bank
Counting cash at day end and writing a deposit slip. Bank reconciliation that suggests matches between deposits and recorded payments for you to confirm.
- Refunds for a student who leaves are calculated by hand
Working out the unused fee on a calculator and paying from petty cash. A credit note against the original bill if it was invoiced, so the books show both.