> For the complete documentation index, see [llms.txt](https://info.edusuite.asia/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://info.edusuite.asia/product-guide-uni/admin-home/finance/finance-setup/payment-schemes.md).
# Payment Schemes
This feature allows schools to define payment schemes and set payment due dates for student tuition.
## Access and Navigation
The **Payment Schemes** module can be accessed under **Finance > Finance Setup**.
Check the privilege assigned to your user account or role if you cannot view a link from the list.
{% hint style="danger" %}
Contact your school’s system administrator to request view or edit access if you cannot access the rights management screen.
{% endhint %}
## Create a New Payment Scheme
* Click the **+ New Payment Scheme** button in the **upper right corner**
* Fill out the required details:
* **Name** – Description of the payment scheme
* **Discount** – Discount applied when selecting this scheme (nominal or percentage-based)
* **Additional Charge** – Any extra charges applicable to the payment scheme
* **Account Code** – Codes used for tagging payments
* **Payment Due Dates:**
* **Description** – Name of the due date (e.g., down payment, prelims, etc.)
* **Date** – Due date for the payment
* **Paid %** – Percentage of the total amount that must be paid (totals must equal 100%)
* **Penalty** – Additional charge applied if payment is not made by the due date
* Click **Add Payment Scheme** to save
## Edit a Payment Scheme
* Select the payment scheme you want to edit and click the **Pencil** icon
* Update the necessary fields in the Update Payment Scheme form
* Click **Save Changes.** The updated details will now be reflected on the **Payment Schemes** page
## Delete a Payment Scheme
{% hint style="warning" %}
**Note:** Payment schemes that are already in use cannot be deleted
{% endhint %}
* Select the scheme you want to delete and click the **Trash Bin** icon
* A confirmation message will appear. Click **Delete** to proceed
* The payment scheme will be removed from the list
## Frequently Asked Questions (FAQs)
**Question:** If we enable a penalty for missed payment due dates, when will the penalty be applied?
**Answer:** The system will automatically apply penalties at 12:00 AM after the due date.
