How it works

1.Enquiry and admission

Before

Enquiry register at reception, follow-up by memory

With Finocket

Enquiries captured from a web form into a pipeline, with the contact you choose to enter (the guardian, not the child)

Automated

• Form submissions create a lead

2.Courses and fee structure

Before

Fee chart on a notice board, changed by hand

With Finocket

Each course is a service item (its mode and duration come with the tuition and coaching setup, which sign-up suggests and you apply in Setup review)

Automated

• New items default to services with no stock

• Courses as items
• Course duration and instalments
• Courses billed as services

3.Fee billing

Before

Receipt book filled in for every student every month

With Finocket

Recurring fee bills with the period covered (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)

Automated

• Recurring bills are drafted on schedule for you to review and send

• Fee bills with the period covered
• Batch on every bill
• Enrolment number

4.Instalments

Before

A page per student listing payments

With Finocket

Instalments with due dates on one course-fee bill

Automated

• Balance due updates as each payment is recorded

• Course duration and instalments

5.Collections

Before

Cash and cheques at the desk, phone calls for dues

With Finocket

A payment link on every bill and a dues view

Automated

• A UPI link and QR code on each open bill; you record the payment when it reaches the bank
• Reminder rules on the Business plan

6.GST

Before

Receipts with no tax treatment, sorted out at year end

With Finocket

Tax invoice or bill of supply as your CA advises, with returns prepared from the bills

Automated

• GST returns prepared from your bills

• Service-only bill layout

7.Faculty fees and expenses

Before

Cash payments noted in a diary

With Finocket

Expenses and professional fees recorded with TDS

Automated

• TDS figures collected for the quarterly return

8.Accounts and bank

Before

Cash book and bank passbook, reconciled once a year

With Finocket

Double-entry books and bank reconciliation as you go

Automated

• Bank lines matched to fee bills

9.Branches

Before

One combined ledger

With Finocket

Separate companies or cost centres per branch

Automated

• Reports filter by branch

10.Reporting and CA hand-over

Before

Year-end box of papers

With Finocket

Live reports, your accountant invited in, and a Tally export

Automated

• Tally export on demand

• Courses billed as services
• Room for your accountant