Main Dashboard > Finance > Instalment Plans > + Instalment Plan Entry
Overview
An instalment plan is a financial arrangement that enables students to pay their fees in smaller, more manageable amounts over a specified period of time, instead of paying the entire amount upfront. it can help make education more accessible and affordable for students who may not have the financial means to pay the full amount at once.
The Instalment Plan entry screen enables you to create new instalment plans for programs or if you wish to edit the existing instalment plan, you can select Edit Instalment Plan.
Below is the explanation of the fields:
| Fields | Explanation |
|---|---|
| Instalment Plan Code | This is a mandatory field and it cannot be left blank. |
| Instalment Plan Name | This is a mandatory field and it cannot be left blank. |
| Number of Invoices | Add the number of invoices (instalments) for a program. |
| Split Tuition Equally in instalments | If you wish to split the tuition amount in instalments then you can select this tick box |
| Instalment Plan Selected By Default | If you wish the instalment to be selected by default, you can select this tick box |
| Invoice Due Date Calculated automatically | If you have selected this tick box then the invoice due date will be calculated automatically for the program |
| Campus | Select the Campus/s from the dropdown for which you want to create the instalment plan. |
| Program | Select the Programs from the dropdown that you want to link to the instalment plan. |
| Active | By selecting this tick, you will able to see this instalment while creating applications. |
| Don’t allow two invoices in the same month | By selecting this tick box, the system will not show two invoices in the same month. |
If you have any queries, please do not hesitate to contact us on 1300 85 05 85 or email us on support@rtosoftware.com.au