Welcome to the LINC-ED Guide for Finances.
- Set up your Finance Options
- Ledger Codes and Activities
- Debit Transaction Processing
- Credit Transaction Processing
- Debtors' Reporting
- Statement Printing/Emailing
- Viewing Statements Online
- Online Payment System
- End of Year Finance Processing
Finance Module Overview
The Finance Module in LINC-ED is created for the sole purpose of billing students for expenses (fees and activities) incurred throughout the year and processing the payments made to cover these expenses. It is envisaged that a school will also have an Account Package for the processing of non-student accounts, budgeting and financial reporting.
To access the Fees and Activities area in LINC-ED a person will need administration access.
Accounting Package Postings
As the Finance Module is a feeder into the school’s Accounting Package it has been designed to provide an accurate account of all transactions entered into LINC-ED in a format that can easily be transferred to the external Accounting Package. This is done via a range of reports.
To assist in the financial protection of both the school and staff, transaction processing has, where possible been designed in such a way as to produce an audit trail. This can result in some processes being more complex but more secure.