An alphabetical or numerical code that represents a type of fee. For example, enter “TUI” for tuition. Codes can have up to 10 characters.
If the charge is tax deductible, such as day care expense, select this check box.
A description of the billing code. For example, if you entered “TUI” in the Billing Code field, you could enter “Tuition” in this field.
Click to attach a revenue center to the billing code. Revenue centers designate or track the flow of income. Examples of revenue centers are tuition, registration, activity fees, or cafeteria.
The frequency this charge will be billed, such as Monthly, Quarterly, or Annually.
The normal amount for this type of fee.
The amount your school discounts the original fee. For example, your school charges an annual tuition of $3,500 for kindergarten students. However, you offer a 10% discount to families with a second child enrolled at your school. Enter “$350.00” in the Discount Amount field, or click and enter “10” to have the program automatically calculate the discount amount.
Displays the amount that will be charged, which is the Regular Amount, less any discount amounts.
The amount you plan to charge when a fee is not paid by the due date.
The grace period or number of days before a late fee is charged. For example, payments are due the first of each month, but you will allow a grace period of 10 days before charging a late fee. Enter “10” here.