Fedena Auto Transactions

Automate the Calculation of Tax and Expenses with Fedena’s Auto Transaction Feature

 
Any amount coming to your institute is always an income; but at times, you might have to pay tax and cess for the amount that you receive. It really becomes a tough task when you have to calculate the certain percentage on the amount every time it is received. But, when your school is powered by Fedena, you should not worry about all these trivial issues. The Auto Transaction feature of Fedena helps you set a percentage that you want to divide as a tax on the amount received as income. Hence, you enter the amount you received as an income, and go to report which will display the final income received after deducting the percentage of tax as expenses.
 

One of the primary advantages of using this unique feature of Fedena is it automatically calculates the amount that is to be deducted from the total income received and is shown as expenses. All these are done without much interference of yours, other than creating a new auto transaction. Now, let us see how this auto transaction can be created and used to gain the ultimate benefit.

Create Auto Transaction
  • Firstly, login to your Fedena account and go to ‘More’ and then to ‘Finance’ and finally to ‘Automatic Transactions’. Once you are in ‘Automatic Transactions’, you need to create a new auto transaction.
  • Write the category, percentage of amount to be deducted and also the description of the transaction you are creating. After creating a new transaction, you need to go back to ‘Finance’ and then to ‘Transactions’ to create a new income event and see how the tax is being deducted.
  •  Click on ‘Add income’ and you get a page where you have to fill in all necessary details in order to create the new income.
  •  When you ‘Save’, you are allowed to go back to ‘Transactions’ and get the report for which you need to select the time limit for which you need the report. You get the report that will show the tax or any cess has been deducted and the final amount that you receive as income.
  • Thus, you have a smarter way to calculate taxes and cess to get the final income after deduction. Then, why use critical mathematical calculations for it?
Salman Khan

From Maths Class on Yahoo Doodle to a Free World-class Education for Everyone – Khan Academy

Here is a man who chose a different path. He didn’t go for the typical black or white board and stand in front of it to teach. Instead, he chose a smarter way to deliver his lectures, the online way. Yes, we are talking about Salman Khan, the man behind Khan Academy, a non-profit organization with a mission to provide ‘free world-class education for anyone anywhere’. To fulfill this, Khan Academy offer its resources to everyone free of charge. Some 4500 tutorials covering a wide range of academic fields including Chemistry, Biology, Medicine, Finance, Mathematics, Astronomy, Cosmology, Physics, Healthcare, Organic Chemistry, History, Economics, Macroeconomics, American civics, Microeconomics, Computer Science and Art history are available in the organization’s website.

The birth of this unique concept took place when Salman Khan, A Harvard Business School and MIT graduate began using the Doodle notepad by Yahoo to teach mathematics to his cousin and soon, the idea became a big hit when his other relatives also asked for same kind of assistance. He decided to post tutorials on YouTube which became much sought after by students and soon Mr. Khan quit his job to start his Khan Academy. This online organization runs on donations that have come from all sections of the society and the organization already has 283 million total views on YouTube with 1,233,000 subscribers.
The best part about the concept that defines Khan Academy is that, not only it let students learn, but also allow teachers and parents to have a constant watch on what students are going over. Other than tutorials, the website offers many more educational features like exercises for practice, progress tracking as well as myriad other tools that would help teachers in schools. You can easily login to Khan Academy with your Facebook or Google account, in case you are not comfortable with creating a new profile with the website. Or get access to the materials free of cost with the help of the new modern UI application by the academy that is available on Windows Store. The current content on the website generally targets the syllabus of school physics and mathematics, but the future will witness a wide coverage as Mr. Khan has every plan to offer “tens of thousands of videos in pretty much every subject”.

 

Many critics are of the opinion that it is the free-of-charge and wide availability to all nature is what will take Khan Academy to great scales and fulfill Mr. Khan’s cherished dream of developing “the world’s first free, world-class virtual school where anyone can learn anything”. 

Check Khan Academy at – https://www.khanacademy.org/

 

Fedena now available in Google® Apps Marketplace

Combine the powers of Fedena and Google® Apps for the ultimate school/college management experience. Now you can login to Fedena with your Google® Apps credentials. The document manager plugin of Fedena is integrated with Google® Drive. Upload and access your documents from Fedena dashboard and your Google® Drive account. More integrations are in progress.

http://www.youtube.com/watch?feature=player_embedded&v=nL32kmZGO-M


Fedena now available in Google® Apps Marketplace

Combine the powers of Fedena and Google® Apps for the ultimate school/college management experience. Now you can login to Fedena with your Google® Apps credentials. The document manager plugin of Fedena is integrated with Google® Drive. Upload and access your documents from Fedena dashboard and your Google® Drive account. More integrations are in progress.