Discount

Last updated: April 30, 2020 by ASL

Purpose: To setup all discounts offered by the school

Prerequisite/dependencies: None

Output: Discounts that can be assigned to student during enlistment and payment

Go to Planning > Finance Setup > Discounts.

Creating a New Discount

1) Click +New.

2) Fill out the necessary details:

• Label - what to call the discount

• Ranking (lowest will be applied first) - when should the discount be applied especially if there are other discounts to be applied? See sample scenario below.

AMOUNT - 10,000

DISCOUNT A - Rank 1 ; 10%, DISCOUNT B - Rank 2, 5%

DISCOUNT C - Rank 1, 15% ; DISCOUNT D - Rank 2, 500 (fixed price)

1ST DISCOUNT FLOW

• Starting amount = 10,000

• Apply Discounts A and C. Since both are percentages, they can be added, which gives total of 25%

• 10,000 * 25% = 2,500

• Ending Amount = 7,500 (which is 10,000-2,500)

2ND DISCOUNT FLOW

• Starting amount = 7,500

• Compute for Discount B: 7,500 * 5% = 375

• Since Discounts B (375) and D (500) have the same numerical quantity already, they can be added before subtracting to the Starting Amount

• Ending Amount = 6,625 (which is 7,500 - [375 + 350])

• Amount - either fixed amount or percentage (% sign should be appended)

• Applies to - where the Discount should apply (Total, Tuition, Miscellaneous, or Laboratory)

• Applies to first payment due date ONLY (checkbox) - should the Discount be fully applied on the first payment (both on full and installment payment schemes)?

3) Once done, don't forget to click Add Discount.

Editing a Discount

Click the pen button of the Discount and modify the contents as needed

Deleting a Discount

Click the red Trash can button to delete the Discount

Searching a Discount

Click the search bar on the right side and type the discount name to search

Sorting the Discounts

Click the sort button on the right side

By Label - alphabetical A-Z or Z-A

By Rank - ascending or descending

Frequently Asked Questions (FAQs)

Pending content