You can create a fee code for a standard discount, for example a sibling discount, a discount on boarding fees or a scholarship or bursary. See Debtor Fee Maintenance - General tab (on page ).
You need to specify the discount as a percentage, whether the discount:
...
These fields are used in conjunction with the Auto Tuition Sequence to work out discounts and the order in which to apply them. See Why the Auto Tuition Sequence is vital (on page ).
When you run the Automatic Tuition (on page ) program to apply all the charges to debtors' accounts, there are four figures that are automatically calculated:
Field | Description |
|---|---|
Gross charge (GC) | The sum of every charge applied to the account up to this point. |
Nett charge (NC) | The sum of every charge less any negative discounts where the Discount Alters Nett Base is set for the account up to this point. |
Gross charge on the auto tuition type immediately prior (GCIP) | The same as Gross charge, except that it is only the sum of all charges of the prior auto tuition type. |
Nett charge on the auto tuition type immediately prior (NCIP) | The same as Nett charge, except that it is only the sum of all charges less flagged discounts of the prior auto tuition type. |
...
Each row in the table above highlights the following:
Auto Tuition Code | Example highlights that… |
T - Tuition | The amount of the tuition fee being charged. |
SD - Sibling Disc | A sibling discount of 10% is applied based on the net tuition fee. |
TC - Tuition Conc | A tuition concession of 30% is applied on the gross tuition. |
CC - Consolidated | A consolidated charge is applied without any discounts. |
B - Boarding | A boarding fee is applied without any discounts. |
BC - Boarding Disc | A boarding fee discount is calculated on the running subtotal of the gross charge, before the boarding fee discount is applied. |
The fee code can have a special meaning with discounts that vary from campus to campus or year level to year level. See Debtor Maintenance - Concessions tabAnchor H_1881 H_1881 (on page ).