How to create a fee structure
To create a fee structure:
1. Go to Finance Setup.
2. Select Fee Structure.
3. Select Add Fee Group.
4. Give the fee group a name and code. An example of a code might be “TFS” for a Term Fee Structure.
It is recommended to keep the number of fee structures to a minimum, to avoid unnecessary complication when charging fees. However, there can be valid reasons schools may require more than one fee structure.
For example:
- The school charges fees at different frequencies e.g., termly, and annually.
- The school has international students.
Watch our video tutorials to learn about Sentral Finance or view user and admin guides.