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In the Teacher Statement, you can see how much funds has been budgeted for the teacher, actual funds given out to the teacher for the current year and variance which is the difference between budget and actuals.
Here’s how you need to go about it..
1. Setup the Teacher Directory
2. Select the Teacher Fund account in Administration/Setup
3 Go to Teacher Statement in Finance and enter the allocated amount for the teachers by clicking on Add Teacher Budget.
4. Enter the teacher reimbursement transactions in Withdrawals.
Click on the binocular icon next to name and select the teacher who is reimbursed from the popup screen
5. The Teacher Statement is updated in real time.
You can select the monthly actuals by clicking on Columns.