There are a number of key concepts to understand when working with the finance of any Enrolment. These are explained on this page.
Enrolment Finance Panel
The full finance details of the Enrolment are found in the Enrolment Finance Details panel.
Consider the following example: this is a Direct Student Enrolment so no Agent involved. The Enrolment Booking Finance Details panel shows the details of the bookings
Admin fees being bundled.
Posted vs Unposted Income
Invoice Method
The invoice method determines who (Student, Agent or Company) is paying for each booking and how they are paying.
Typically the whole enrolment uses the same invoice method, but it is possible to adjust this on each booking if required. For example, the agent may be paying net for the course, but the student is paying the school for the accommodation.
Invoice Method | Type of Booking | Description | Who is paying the fees? | Accounts |
|---|---|---|---|---|
Student Direct | Direct student |
| Student | Invoiced on the Student Account. |
Agent Net | Agent student |
| Agent | Invoiced on the Agent Account. |
Student Gross | Agent student |
| Student | Invoiced on the Student Account. Commission Credit Note on Agent Account. |
Agent Gross | Agent student |
| Agent | Invoiced on the Agent Account. Commission Credit Note on Agent Account |
Company Direct | Company student |
| Company | Invoiced on the Company Account. |
Company Gross | Company student |
| Company | Invoiced on the Company Account. Commission Credit Note on the Agent Account. |
Comparison of finance on different accounts
Ability to adjust by booking, illustrating how this appears by Account