For organizations that use Online registration only.
Installments is an optional feature that gives families a choice to pay the registration in multiple installments.
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Installment Page
From the Catalog / Installments menu, you will find a list of installments created for that season.
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Title - the title of the installment
Initial payment - the amount of the initial payment
Installments - the details of the installments and dates
Status - the status of the installment
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Adding Installment:
Click on Installments from the list of options under the Catalog / Finances section
Click +Add
Choose between Add
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or Rollover
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Add a New Installments
Complete the requested information:
Fields marked with an * are required
Title *: Add a name to your installment.
Initial payment (%) *: Enter the amount of the initial payment. This is the amount that 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 of installments desired after the registration payment.
Value (%): Based on the number of installments selected, the system will calculate the percentage for each installment. 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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Rollover from Past Seasons
Use the drop down to select a previous season to copy from
Click Search
Click Next
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Select the installments you want to copy, or click on Select All
Click Next
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Review the installments, if you need make a change before copying, click Previous
Click Create
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Installment Calculations
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.
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Installment #2 - 50% of the outstanding balance = $125
Modify Installments
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Note: Installments can only be deleted if they have not applied to any registrations. |
Once an installment is created, no changes to the amounts or dates can be made.
To change the status of an installment, click on the line item to open the side panel. Use the blue pencil to change the status to Inactive.
By clicking on the Action button on the side panel, you have the option to delete it.
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