Mobile money first
MTN MoMo · Orange Money · Wave · M-Pesa · CamPay · NotchPay · Fawry — alongside Stripe. Parent SMS receipt within 30 seconds of payment.
Money flows through everything. Enrolment triggers fees. Attendance affects refunds. Payroll is an expense. Transport is a billable service. YESS treats school finance as a real ERP — full double-entry, multi-currency, mobile-money-native, with every transaction immutably logged.
What this cluster carries
8 signature capabilities
Auto-invoice on enrolment
Student enrolls → fee structure looked up by program/class → invoice generated → siblings detected → discount applied → scholarship adjusted → transport/canteen/hostel subscriptions added → invoice sent to parent.
6 discount types + scholarships
Merit, need, sports, arts, full, partial. Sibling auto-detection. Each discount appears as a line item; the audit trail explains why.
Full double-entry accounting
Chart of accounts, journal entries with validation, bank reconciliation, P&L, balance sheet, cash flow. Every fee payment debits Cash, credits Tuition Revenue, no exceptions.
Multi-currency with live conversion
Cameroon school billing in XAF with USD-paying international students. Both amounts stored, reports viewable in either currency.
Overdue escalation that cascades
Day 1 friendly SMS → Day 7 email warning → Day 15 admin alert → Day 30 optional exam-eligibility lock. Configurable per school.
Payment plans with auto-reminders
Parent requests, admin approves, instalment schedule auto-generated, reminders 3 days before each due date.
Operations auto-invoicing
Transport subscription → fee line. Canteen meal plan → fee line. Hostel boarding → fee line. Library fines → fee line. One bill, every service.
Real-world use case
“Tuesday, 09:12. A parent arrives with cash. The bursar picks the student, taps Cash, the receipt prints. The invoice is now Paid. The parent gets an SMS in French within 30 seconds. The accounting ledger debited Cash, credited Tuition Revenue. The cash drawer balance updated. The school owner's dashboard collection rate ticked up half a percent. Sixty seconds, four systems synchronised.”
What makes Financial Engine elite
The receipts
Mobile money on every payment screen — MoMo, Orange, Wave, M-Pesa.
Real double-entry accounting — your bursar replaces three apps.
Multi-currency — international students pay USD, your books stay in XAF.
13 sources feed payroll. Six fee operations auto-invoice. One ledger.
Keep going