Student Billing Reconciliation Redux

Charles Soderlund — Fri, 16 Oct 2009 16:43:00 GMT

Greetings faithful blog readers!

We recently held a customer round table regarding the fabulous topic of reconciling Student Billing to General Ledger. This was the first of many sessions we hope to hold discussing popular topics in Student Billing. Our support team is working hard to develop these sessions for all products, and to that end, I thought it would be a great idea to gather some feedback on what we developed for the Student Billing session I conducted. Below are links to our FAQ page with the Powerpoint slideshow and the recorded discussion with video screen capture directly from our live session. Check these out!

Student Billing FAQ and Reconciliation Roundtable

I will be adding more reconciliation tips and tricks to future blogs. Tell me what you think about what we have now for Student Billing and keep your ear to the ground on our forums to sign up for future sessions, they have been filling up quickly!

Cheers!

Charles

Student Billing State-of-Mind: Unapply and Restore Distributions

Jennifer Maroney — Mon, 22 Sep 2008 17:10:00 GMT

If you track Payment or Credit applications I have some great news for you. Currently, if you apply a payment to a charge, the GL distribution of the payment is updated based on the charge. If you then unapply the payment, the GL distribution of the payment does not revert back to the default.

Now for the good news...beginning in version 7.77, due out later this year, when the payment or credit is unapplied, the default GL distribution will be restored.

For example, a parent sends you a $1000 payment and you apply $200 to a tuition charge and $300 to bookstore charges. The payment’s GL distribution would be:

Tuition	Accounts Receivable – Main Student Billing	$200
Bookstore	Accounts Receivable – Bookstore	$300
	Unapplied Payment Account	$500

If the charge for Tuition is un-applied, the system will add the un-applied tuition amount to the Unapplied GL distribution. The payment’s GL distribution is now:

Bookstore	Accounts Receivable – Bookstore	$300
	Unapplied Payment Account	$700

If the entire payment was applied, the system will look at the default Unapplied Payment Account in Configuration and add a distribution row for the Unapplied Payment Account.

Talk to you soon!

The Book Bag : GL Distribution

Student Billing Reconciliation Redux

Student Billing State-of-Mind: Unapply and Restore Distributions