Discounts

Last updated: January 2025

This feature allows you to setup all discounts offered by the school.

Access and Navigation

To access this module, go to Planning > Finance Setup > Discounts.

If you cannot view the link from the list, check the privilege assigned to your account or role.

Create a Discount

  • Click + New

  • 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 the sample scenario below.

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

    • Applies to - where the Discount should apply (Total, Tuition, Miscellaneous, Laboratory, Books, School Supplies, Instructional Materials, Donations and Optionals)

    • 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)?

Ranking Sample Scenario:

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 a 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 from the Starting Amount

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

  • Click Add Discount once done

Edit a Discount

To edit, click the Pencil button of the Discount and modify the contents as needed. Click Save Changes once completed.

Delete a Discount

To delete, click the Trash bin icon of the Discount, and then a pop-up window will show up to confirm your intended action. Once decided, select Yes otherwise click on No.

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