Set Up Advance Discount Policy

Advance discount policies reward families who pay fees ahead of schedule by applying a discount when payment is received within a specified date window. Each policy is tied to a billing cycle and defines the time period, charge code, and discount percentage that applies.

1. Create the policy and set the interval

   From the FNO dashboard, open Modules ▸ Academic management, expand Setup, and click Advance discount policy. Click New and complete the following on the Overview tab:

   • Policy code (③) — enter a value.
   • Fee and charges interval (④) — select the billing cycle that applies to this policy.

   

2. Configure the General tab

   Click the General tab (⑤). In the Period name field (⑥), select the relevant time period (more than one may be selected). Click Select (⑦). Return to the Overview tab (⑧).

   

3. Complete the discount details and save

   On the Overview tab, complete the remaining fields:

   • Charges code (⑨) — select Advance Discount.
   • Discount rate (⑩) — enter the discount value.
   • From date and To date (⑪) — enter the period during which the discount applies.
   • Description (⑫) — enter a description for reporting reference.

   Click Save (⑬).