Keeping a track of expenses has been a difficult task in running an educational institution and this is because expenses of managing any institution is never fixed and keeps on changing, month to month. Sometimes you don’t even know where the money is going to. Hence it is important for you being the administrator of any institution to keep a track on the expenses and manage it accordingly. Fedena provides you a simple tracking mechanism that can help you divide your expenses under categories and manage it.
We all know that there are some possible expenses that are common in every educational institution and they are somethings that cannot be done without. Typical institutional expenses includes the money spent on
- buying lab utilities
- purchasing library books, computers and other technical equipment
- salaries of employees
Then, there are several others as well that are often not recorded or kept a track off. To keep a record of these minor expenses, you may often maintain small notes that goes unnoticed within huge pile of expense registers. But, when you have smarter ways to keep a track of your expenses, then why spend hours on filling up those expense registers? Read on to know how.
Tracking expenses of your institution using Fedena
Fedena has a better solution for you. It can help you track down your expenses easily with the help of its unique way of storing information about expenses. The following information will let you know how you can do it.
The very first thing that you need to do is to login with your id to Fedena and then go to ‘Finance’. Here you can create various categories under which, you can divide the expenses of your institutions. For this, go to ‘Category’ and create your own new categories.
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