Financial

Integrated book-keeping throughout

By integrating a full double entry general ledger system within ish onCourse, keeping track of your finances is a breeze. Every enrolment, payment, invoice or other transaction within the system automatically creates the right general ledger history for generating comprehensive profit and loss reports, BAS returns and other financial information.

Because key financial data (invoices and enrolments) cannot be deleted in ish onCourse, their comprehensive history gives you an audit trail forever.

Class budgeting and viability calculator

Keep on top of your income and projected expenses. Each class can be allocated a set of costs: fixed, per session, per hour or per enrolment. This allows you to define costs such as room rental per session, tutor fees per hour, materials costs per student and so on.

You can also enter your target enrolments, enter funding arrangements (eg. government contributions) calculate minimum break-even, report on target vs actuals over any period and produce annual budgets.

Budgeting