Billing transactions — are the transactions that are included in the student’s billing account.
Billing transactions are divided into two categories: debit (tuition bill, refund, returned check) and credit (payment, tuition bill adjustment).
After adding, a credit transaction is automatically applied to debit transactions that have an available (greater than zero) open balance.
A transaction is automatically applied only for a single campus. You can apply transactions manually for other campuses.
Transactions are applied sequentially so that the first credit transaction is applied to the first debit transaction.
You can see the list of all related billing transactions on the transaction details page:
Any credit transaction can be applied to any student’s debit transactions using a separate interface:
Correctly applied billing transactions ensure the correct generation of the Aging Summary Billing report and the Statement of Obligation.