Create a New Payment Plan

Payment schedules allow the school to offer fee payers the option to pay invoices in instalments rather than a single lump sum. The payment plan setup defines how offered plans display on the customer statement.

1. Open Payment schedules and create a new entry

   From the FNO dashboard, open Modules ▸ Accounts receivable, expand Payments setup, and click Payment schedules. Click New and complete the following:

   • Payment schedule (④) - enter the payment schedule
   • Description (⑤) — enter a description for the payment schedule.
   • Allocation (⑥) — select the payment allocation method.
   • Payment per (⑥)— assign the timeline.
   • Change (⑥) — enter the frequency.
   • Number of payments (⑥) — enter the number of instalments.

   

2. Save

   Click Save.