CampusNexus Finance, HR & Payroll Features
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Finance, Accounting and Revenue Recognition
- General Ledger – manage ledger, sales tax, currency, year-end closing and financial statements
- Cash and Bank Management – administer bank accounts and bank reconciliations
- Accounts Receivable – oversee tuition and services invoices and incoming payments
- Accounts Payable – process vendor invoices and outgoing payments
- Student Accounting – record information about students including charges, payments, refunds, and adjustments
- Federal Work Study Management – record FWS award amounts and track against payroll information to ensure available funds
- Fund Source Management – create and manage the funding sources available to students, from federal grants, loans, and work-study, to state aid, private scholarships, and institutional grants
- Fixed Assets – track and depreciate assets such as equipment, technology, furnishings, vehicles, and buildings
- Retail & Point of Sales – operate sales for ticketed and special events, bookstores, and dining halls and cafes
Planning and Forecasting
- Budgeting – set up, initiate and view budgets; restrict, freeze and increase/decrease budgets based on real-time needs
- Position Budgeting & Control – project hiring needs, anticipated retirements, associated costs, and implement bulk pay rate changes by effective date
- Project Accounting – provide financial supervision for multi-year capital improvement projects throughout the organization
- Procurement and Sourcing – manage the purchasing process for good and services
- Travel & Expense – define expense policies and automate reimbursement for approved travel
Human Resource Management
- Human Resources – oversee your entire employee base, positions, and workforce alignment
- Faculty Management – manage information, including position type, tenure status, certifications and competencies, teaching load, performance, professional memberships, and knowledge creation
- Payroll – process all aspects of employee compensation, payments, and withholdings
- Employee Benefits – administer multiple levels of benefits based on role, length of employment, standard packages, and elective categories
Reporting and Analytics
- Audit preparation to compliance reporting
- Monthly, quarterly, and year-end closings
- IPEDS outputs
- FASB and GASB standards
- Projects accounting longitudinal summaries and details
- Executive, managerial, and operational dashboards