How do I add a new bank account, and what are the actions related to it?

Campus 365 is an advanced educational management system that offers various features to streamline administrative tasks in educational institutions. One of its functionalities is the ability to add new bank accounts, which can be utilized to receive payments or fees from students, parents, or other stakeholders.

By integrating with banking systems, Campus 365 allows educational institutions to set up and manage multiple bank accounts within the system. This feature enables the efficient and secure handling of financial transactions related to fees, payments, and other financial activities.

Here's how the process typically works:

• Configuration: Authorized personnel, such as administrators or finance officers, can access the Campus 365 system and configure the bank account settings. This includes providing the necessary details for each bank account, such as bank name, account number, account holder's name, and other relevant information
  
• Account Selection: Once the bank accounts are configured, the system provides the flexibility to select the desired bank account for specific purposes. For example, an institution may have separate bank accounts for tuition fees, library fines, or event registrations. The appropriate bank account can be chosen based on the nature of the transaction
  
• Payment Gateway Integration: Campus 365 integrates with payment gateways or banking systems to facilitate secure online transactions. This integration enables students, parents, or other users to make payments directly through the system using various methods such as credit/debit cards, net banking, or digital wallets
  
• Fee Management: The system incorporates a comprehensive fee management module that allows educational institutions to define fee structures, generate fee invoices, and track payments. When a student or parent makes a payment, the system verifies the transaction and updates the payment status accordingly
  
• Automatic Reconciliation: Campus 365 automates the process of reconciling payments received with the corresponding bank account entries. This helps ensure accuracy and minimizes manual errors. The system can generate reports that provide a clear overview of the financial transactions associated with each bank account
  
• Notifications and Alerts: The system can send automated notifications and reminders to students or parents regarding pending fees, payment due dates, or successful transactions. This feature helps improve communication and reduces the chances of payment delays

Overall, the ability to add new bank accounts within Campus 365 enhances financial management within educational institutions. It simplifies the payment process, improves transparency, and reduces the administrative overhead associated with managing multiple bank accounts manually.

To add a new bank account to your instance, follow these steps:

1. Navigate to the Finance section in your instance. This can usually be found in the main menu on Dashboard
   
2. Look for the Fee Setup option within the Finance section and select it. This is where you can manage the accounts related to fees and payments
   
3. In the Fee Setup menu, locate the Accounts section and click on it. This is where you can manage the bank accounts associated with your instance
   
4. Look for an option or button that allows you to add a new account. It may be labeled "Add New Account". Click on it to proceed
   
5. A form or dialog box will appear where you can enter the relevant details for the new bank account. Fill in the required information, such as the account name, account number, bank name, and any other necessary details. Make sure to provide accurate information
   
6. After entering the details, review the information to ensure it is correct. Once you are satisfied, save the new account by clicking on the "Save" or "Add" button. The account will now be added to your instance
   
7. If you need to make changes to the account details in the future, you can do so by locating the account in the account list and selecting the option to edit the account. This will allow you to modify the account information as needed
   
8. Similarly, if you want to remove a bank account from your instance, locate the account in the account list and select the option to delete or remove the account. Confirm the deletion if prompted

Note: Remember to exercise caution when making changes to bank account details and ensure that you have the necessary permissions to perform these actions.