Fees & finance
Finance and payroll
Budgets, expenses, vendor three-way match, cash flow and collection forecast, payroll runs.
This fees & finance guide covers fee management software for K-12 day schools. Whether you are evaluating cloud school management software or configuring Schoolyi after go-live, you will find practical steps for online fee collection software, school billing software - written for administrators and staff, not developers.
Last updated July 24, 2026
Finance tracks school spending against budgets. Payroll runs monthly salary from assigned components. This is operational finance - not a full general-ledger ERP (no Tally/SAP replacement).
Finance module
- /finance - overview and quick links
- /finance/budgets - annual budget headers by department
- /finance/budget-requests - staff requests against budget lines
- /finance/expenses - record and approve expenses
- /finance/planning - forecast and variance views
- /finance/cash-flow - inflow vs outflow summary (also report finance-cash-flow)
- /finance/vendor-bills - invoices with three-way match (PO + GRN + bill)
- /fees/forecast - fee collection forecast for bursar planning
Payroll module
| Screen | Path | Operator |
|---|---|---|
| Payroll hub | /payroll | Finance - module landing |
| Components | /payroll/components | Define earnings and deductions |
| Salary assignments | /payroll/salary-assignments | Link components to staff |
| Payroll runs | /payroll/runs | Create monthly run |
| Run detail | /payroll/runs/[id] | Review lines, finalize |
| Payslips | /payroll/payslips/[id] | Staff downloadable PDF |
| Advances | /payroll/advances | Salary advance tracking |
| Reimbursements | /payroll/reimbursements | Expense reimbursements |
| Salary management | /salary-management | CTC structure and CSV export |
Common questions
Quick answers in plain language.
What is fee management software?+
Budgets, expenses, vendor three-way match, cash flow and collection forecast, payroll runs. This is a core topic in Fees & finance on Schoolyi.
How do I set up finance and payroll in school management software?+
Follow the steps in this guide during structures, collection, receipts, and budgets. Start with getting-started docs if you are new to Schoolyi, then apply the workflows here for your school year.
How does Schoolyi handle finance and payroll?+
Budgets, expenses, vendor three-way match, cash flow and collection forecast, payroll runs.
Is there a fee management software guide for school administrators?+
Yes. This article is part of the public Fees & finance documentation at /docs - written for administrators, operators, and IT teams.
Who manages finance and payroll at a typical K-12 school?+
Usually fees & finance and front-office staff responsible for fee management software. Teachers and finance may have scoped access depending on your role configuration.
Does Schoolyi support online fee collection software?+
Yes. Schoolyi is a cloud school management system (SMS) with connected modules on one student roster and academic calendar. See related guides below or contact us for a demo focused on fee management software.
Related topics and buyer guides
Related searches
School leaders and IT teams often search for: how to finance and payroll in school management software, best fee management software for K-12 schools, Schoolyi finance and payroll guide, online fee collection software, school billing software, and fee receipt software schools.
More in this section
- Fee collection flow
Fee types, structures, student instances, payments, receipts, waivers, transport fees, and online pay.
- Online payments and dunning
Simulated or optional Razorpay pay, autopay, dunning, GST, refunds, waivers, and cron.
- Fee administration
Fee types, structures, schedules, bulk generation, transport TRN, and class summaries.
- Fees setup workflow
Fee types, structures, schedules, bulk generate, dunning, and online pay mode.
Buyer guides
School software terms
school management system (SMS) · student information system (SIS) · school ERP · parent portal · full glossary · Ask Schoolyi