For organizations that use Online registration only.
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This option is only used for organizations that use online registration.
Installment is an optional feature that gives allows families a choice to pay the registration in multiple installments.
To add a Installment: click on “Installments” from the list of options under the Finances section, then click ‘Add’. Enter the % for the initial payment and decide on the number of payment, . You can define the percentage (%) and dates for each installment that follows.
Example: Your registration is $500. At the time of registration, you want to collect 50% of the registration, and you allow the rest to be divided into 2 equal payments.
Initial Payment - 50% = $250
Outstanding balance - 50% = $250
Installment #1 - 50% of the outstanding balance= $125
Installment #2 - 50% of the outstanding balance = $125
Add installments
Click on Catalog, Installments, and + Add.
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Complete the requested information:
Fields marked with an * are required
Title *: Add a name to your installment.
Initial payment (%) *: Enter the initial payment amount. This amount will be charged at the time of online registration.
Installments: Determine the number of installments you want. The number of installments does not include the initial payment, so this is the number desired after the registration payment.
Value (%): The system will calculate the percentage for each installment based on the number of installments selected. However, you have the option of changing the percentage entered.
Date: Enter the date you would like to receive each installment.
Click on Save.
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Modify installments
By clicking on the line of your payment, a side panel will open on your right, and you can change the status with the blue pencil.
By clicking on the Action button on the side panel, you have the option to delete it.
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Note: Installments can only be deleted if not used in the registration fees. |
Example of installments
Your registration fee is $500.00. At participant registration, you would like to collect 50% of your registration fee and allow the balance due to be split into two more equal payments.
The information entered would be:
Initial payment: 50% = $250
The balance due would then be $250
Payment #1: 50% of the outstanding balance, so $125.00 (on the selected date)
Payment #2: 50% of the outstanding balance, so $125.00 (at the selected date)