Setting Up Finance Functions
To upload information from Educonnex to your accounting software, ensure when setting up the names of the items match EXACTLY.
Function | Description |
|---|---|
Tax Types | This is the first thing to set up. Here you set up the relevant taxes which will apply when billing. These will become attached to the account when setting the account up. |
Accounts | This refers to the accounts the finances will be moving through. |
Categories | This allows you to group products together to easily apply discounts, allow individual payment configurations or connect a range of products to a single account. These categories may have sub-categories. |
Products | These are the items you will bill to your community. E.g., tuition, fees, textbooks, library fund fees, levies. Each product can only be allocated to one category. |
Discounts | Discounts may be applied single product categories or all product categories. Where discounts have been attached at a category level, all products within that category will have the discount applied. |
Billing Family | This is where you allocate what student belongs to what billing family. Creating an association between siblings enables easy calculations for the system to automatically apply family discounts. Students can only be attached to one billing family. |