A report compiled at year end is always a year late.

1. Article 51(3)

   Universities must have adequate funding sources in line with the national higher education standards.

   In practice, adequate funding has to be proven with numbers, not statements.

   Permendiktisaintek No. 39 of 2025, Article 51(3)
2. Article 51(5)

   Financial management follows the principles of good governance under the applicable laws.

   In practice, every transaction needs to be recorded, backed by a receipt, and open to inspection at any time.

   Permendiktisaintek No. 39 of 2025, Article 51(5)
3. BAN-PT accreditation instrument

   The institutional accreditation instrument assesses, among other things, a five-year financial strategic plan and an external financial audit, reported through SAPTO.

   In practice, financial data kept tidy all year makes life easier for auditors and assessors alike.

   BAN-PT institutional accreditation instrument, as presented by LLDIKTI Region VI, July 2026

Sources: Permendiktisaintek No. 39 of 2025; briefing on the institutional accreditation instrument, LLDIKTI Region VI. The sentences here are our summary.

1. 01

   Budget by line item

   Set income and spending budgets for each line in the fiscal year.

2. 02

   Record transactions as they happen

   Every income and expense is recorded the same day, with its receipt number and responsible unit.

3. 03

   Group them by type

   Separate income types such as tuition (SPP or UKT), research grants, and partnerships from spending types such as salaries, scholarships, research spending, and capital spending.

4. 04

   Compare actuals with the budget

   Calculate the realization percentage of each line regularly, not only at year end, so deviations show up early.

5. 05

   Report, then plan the next year

   Present the realization report to leaders, the governing foundation, and auditors, then use it as the basis for next year's budget.

In Sikoola Finance, steps 2 to 4 happen at once: every recorded transaction instantly updates the balance, charts, and realization percentages.

• Real-time journal Income and spending enter the journal as they are recorded, with receipt numbers and units.
• Budgets per fiscal year Budgets are set per line and per fiscal year, then compared automatically with actuals.
• Income and spending types Every transaction is grouped by type, so the campus's financial structure reads at a glance.
• Running balance The balance updates with every transaction. No need to wait for closing to know where you stand.
• Budget realization charts Each line's realization percentage appears in charts that move with the journal.
• Data on the campus server All financial data and its backups are stored on the campus's own server or cloud.

• Leaders and the governing foundation

  They see the campus's financial position today, not from last month's report, and decide with more confidence.

• The finance office

  They record once, and the reports build themselves. Year end no longer means weeks of overtime.

• Quality officers

  Evidence for the financing standard is ready when the self-evaluation and the site visit arrive.

• Sikoola SPMIBudget realization becomes evidence for the financing standard.
• Sikoola CPLGraduate quality and its cost read within one ecosystem.
• Campus serverThe campus holds the data and backups, not anyone else.