Create multiple Finance Item groups for Courses or Units with Wisenet Fee Schedules. Tailor Fee Schedules for various Learner groups, such as domestic or international, and funding categories such as partially funded learners. Use custom invoice-by-date logic to align with your organisation’s financial processes.
Key Features
1. Customisable Fee Group
- Create multiple Fee Schedules to align with specific Course or Unit requirements.
- Cater to various debtor groups, such as domestic, international, or partially funded learners.
2. Default Fee Schedule Assignments
- Assign one or more Default Fee Schedules to a Course or Unit Offer to ensure fees are automatically applied during learner enrolment.
- Or manually add a Fee Schedule during enrolment
3. Enhanced Financial Accuracy
- Link finance items in each Fee Schedule to predefined General Ledger (GL) account codes for accurate reporting.
- Minimise manual errors by automating fee allocation processes.
4. Invoice Flexibility
- Configure Fee Schedules for manual or automatic invoicing, depending on your preferences.
Use Cases
Scheduled Payment Plans
Invoice learners in stages, such as:
- 25% upon enrolment
- 25% when the course or unit begins.
- The remaining balance at a later date