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.

Contact your school’s system administrator to request view or edit access if you cannot access the rights management screen

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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