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Mention some points to be considered for good internal control for collection of tuition fees from …
Mention some points to be considered for good internal control for collection of tuition fees from students of college.
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Thank you,
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Mention some points to be considered for good internal control for collection of tuition fees from …
Mention some points to be considered for good internal control for collection of tuition fees from students of college.
Here are some points you can consider for collection of Tuition fees:
(i) There must be a clear cut tuition fee structure approved by the college council.
(ii) The challan or paying in slip should contain necessary fields for identifying the roll number of the student, class, and period for which fees is paid etc. The slips should have such number of counterfoils to cross check the remittance.
(iii) The paying in slip when filled by the students, should be checked for its correctness as to applicable amount etc by one clerk and the amount should be entered in a scroll. He must initial the slip which authorises the cashier to accept the fees as per slip.
(iv) The cashier scroll and the authorising officer/s scroll should be checked by an officer daily.
(v) All remittance should be banked each day. No amount should be allowed to be spared for meeting any type of expense.
(vi) Alternatively, the fees may be directly remitted into bank and banker’s daily remittance slip should be scrutinised by college officers.
(vii) Arrears list should be periodically prepared from the students rolls. Any concession, remission of tuition fees should have approval of competent authority.
(viii) Delayed remittance should carry fines or compensating charges for delay.
(ix) When students are readmitted after removal for non-payment of fees, the admission should carry the permission of competent authority.
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