Accounts

The Accounts Tab is divided into four sections: Payment Accounts, Revenue Accounts, Sales Discount Accounts, and Tax Accounts. Each section allows you to define the accounts that your institution uses for various financial categories.

In the Payment Accounts section, you can view and define the payment methods your institution accepts. These payment accounts are used when receiving payments and will appear as options in your system. Payment accounts are typically numbered between 1000-1100.

To add a new payment method, click New Payment Method. A modal will appear with the following fields:

Press Add, and the new payment method will be added to the list of available options.

In the Revenue Accounts section, you can define the accounts associated with each charge. These accounts categorize income from various sources, such as tuition or registration fees. Revenue accounts are typically numbered between 4000-4500

To add a new revenue account, click New Revenue Account. A modal will appear with the following fields:

Click Add, and the new revenue account will appear in the list.

In the Sales Discount Accounts section, you can define accounts related to discounts, such as scholarships or promotional discounts. These accounts are typically numbered between 4950-4999.

To add a new sales discount account, click New Sales Discount Account. A modal will appear with the following fields:

Click Add, and the new sales discount account will be added to the list.

In the Tax Accounts section, you can define the tax types that will be available for use when adding taxes to charges or invoices. These accounts are typically numbered between 2000-2999.

To add a new tax account, click New Tax Account. A modal will appear with the following fields:

Click Add, and the new tax account will appear in the list as a selectable option in a dropdown when adding taxes to charges or invoices.