SOP-UNISUITE
ORC for Accountants: Simplified Finance Management at Universities
Example:
Accountant Wankarji’s Perspective: The Accounts Department, represented by Wankarji, oversees transactions processed through the ORC system
1. Wankarji, the accountant at XYZ University, is seated at the receipt counter, overseeing transactions processed through the ORC system.
2. He logs into the Unisuite software and navigates to the ORC module to monitor incoming transactions.
3. Wankarji notices a flurry of online transactions coming through for fee payments as students like Jitendra settle their dues.
4. He checks the system-generated daily collection report, which provides a summary of all transactions processed within the day.
5. The report shows details such as total revenue collected, breakdown by payment method (online, cash, etc.), and individual transaction records.
6. Wankarji cross-references the report with bank statements to ensure accuracy and reconcile any discrepancies.
7. Satisfied with the day's financial transactions, Wankarji prepares for the next day, knowing that the ORC system has made fee collection and accounting tasks more efficient and manageable.
2. He logs into the Unisuite software and navigates to the ORC module to monitor incoming transactions.
3. Wankarji notices a flurry of online transactions coming through for fee payments as students like Jitendra settle their dues.
4. He checks the system-generated daily collection report, which provides a summary of all transactions processed within the day.
5. The report shows details such as total revenue collected, breakdown by payment method (online, cash, etc.), and individual transaction records.
6. Wankarji cross-references the report with bank statements to ensure accuracy and reconcile any discrepancies.
7. Satisfied with the day's financial transactions, Wankarji prepares for the next day, knowing that the ORC system has made fee collection and accounting tasks more efficient and manageable.
In this scenario, Jitendra experiences a hassle-free fee payment process through the ORC system, while Accountant Wankarji efficiently manages and reconciles transactions using the Unisuite software, ensuring financial integrity for XYZ University.