Ability to segment accounts receivable by user-configured type of student. For example, accounts can be identified as current students, former students, evening students, faculty, etc. User may define multiple types of payment plans. Finance charges can generate by subsidiary account based on account balance or payment plan balances. The Automated student charge process can be run in a batch or by individual student.
Preliminary billing can occur prior to registration.
Miscellaneous student charges such as parking violations and library fines can be assessed using pre-defined codes. The student statement cycle is user-define and statements can be processed based on account balance and activity. For example, statements can be processed for only students who have a balance due. Optional messages can be print on monthly statements. Formal account statements can be printed for a single student at any time.