Step into the "Financial Concepts" of our system. This foundational space is designed to explore the key terminologies and principles that drive the financial features of the system.
Topics
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Cash vs Accrual Financial reports are available within the app that allow colleges to measure financial performance on either a cash or accrual basis.
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Offers and Enrolments Equator IT has designed eBECAS/EDMISS so that an offer is a “maybe” and is completely flexible. An offer has no attached debtor account. An accepted offer, which generates an enrolment, is a “definite” and has financial consequences. An enrolment has invoices with fees for service and the student will be placed in a waiting list for class placement. The enrolment invoices are included in the debtors (accounts receivable) listings.