Accounting chart of accounts

[jorgie-o]

• This module deals with students mainly and has got 3 main operations.(accounts have to be opened for every student/ledgers)

1. The income operations

• [x] Fees collection

• The fees collection account receives school fees from students and related charges.

• [x] Grants

• Some private schools and government schools get project grants from government, NGOs and individual bodies.

• [x] Commissions (schools commissions from link banks)

• Schools earn commissions from their link banks through their savings

2. The expense operations

• [x] Teachers salaries

• [x] Operation expenses (petty cash given by the school to run monthly)

• [x] NSSF

• [x] Taxes (income tax, PAYE, withholding tax, part-time teachers tax)

3. The budgeting operations Based on estimation of students against available income per given period of time

• [x] Vote book/vote control register

• a tool used by bursars in budgeting both in private and government schools. (to be researched)

[mwakaambrose]

This is complete