FINANCE
Features
Leveraging Dynamics 365 Business Central:
Accounts – Student and Parents
Fee Structures – Items, Prices, Discounts
Student Fee Cards
School Fee Billing scenarios – payment matrix
Customer Portal for invoices and payment
General Ledger Chart of Accounts and Financial Reporting
Purchasing – from purchase requisitions and purchase approvals to purchase invoice matching
Student and Parents are “customers” and Parents are Payers. Templates assist in creating new “customer” accounts. Flags indicate Student or Parent, and use of Fees Payment Matrix for split billls.
Set per fee-item price for each school fee level and indicate if fee-item qualifies for Sibling Discount. If fees are paid per term/ semester, set price per semester for each fee-item.
Each discount level linked to the fee-item and to “Customer” Discount Group. Automatically applied to fee invoice if both conditions are met.
The Student Fee Card consists of a Fee-Type line summarising all billable fees. Billing Date used for Invoice billing run (all students). Fee Card Details displays the fee details. Each Fees Payment Matrix card defines the payer(s) share of the fees invoice. For each student fee payment plan, a new payment matrix is defined with one or multiple payers.
For more information, visit: https://d365.global/business-central, Finance Software for Schools
Powerful tools for finance teams
Dynamics 365 Business Central offers educational institutions powerful tools to enhance their financial management processes. By effectively managing fee matrices, family discounts, and split billing, schools, colleges, and universities can improve their financial health, reduce administrative burdens, and provide better support to their students and families. Implementing Dynamics 365 Business Central ensures that educational institutions are well-equipped to meet their financial management needs in an efficient and scalable manner.