Finance Classes

Summary

Finance Classes are used to group and report on fees that are added to the system. Think of it like an accounting group: it determines how money from paid fees will be directed. When creating a fee item or a discount, you must attach a Finance Class in order to organize the incoming and outgoing funds.

For example you might have a Finance Class for Tuition (including a Deposit Fee, and Tuition Fee), and a Finance Class for Administration (including an Application Fee). You can create as many Finance Classes as you need and edit the following information: Name, Internal Description, and choose to either Enable or Disable a finance class.

Be careful when editing the Name on an existing Finance Class, as this changes the Name everywhere where that Finance Class has been used.

You must have the correct Permissions to be able to view, edit, or delete a Finance Class.

STAFF  ☰  Finances  >  Finance Classes

Featured in Video

  1. Creating a Finance Class
  2. Editing a Finance Class
  3. Disabling a Finance Class
  4. Using a Finance Class in a Fee
  5. Using a Finance Class in a Discount

Next: TRANSACTION CATEGORIES
Back to: FINANCES OVERVIEW

Did this answer your question? Thanks for the feedback There was a problem submitting your feedback. Please try again later.

Still need help? Contact Us Contact Us