Currency Fluctuation and Bank Charges

Occasionally, due to currency exchange differences or bank fees, the amount received may be less than the invoiced amount. In such cases, the outstanding balance can be adjusted to reflect these discrepancies, ensuring the balance accurately represents the amount due.

Process a Currency Fluctuation and Bank Charges Credit

1. Navigate to the Fees tab on the enrolment that you want to create the Credit for.

2. Click on the New Credit button above the Data Grid and then select Currency Fluctuation or Bank Charge (these options will not appear if the total balance for this enrolment fee is $0). The Credit Wizard will display.

On the Credit Wizard:

1. Select the transaction date (defaults to today).

2. Customise the grid as needed (learn more about customising the grids)
   The Due Amount column shows the maximum amount that can be credited per item.

3. Use one of the following methods to enter the credit amounts:

   1. Manual Entry: Double-click the relevant cell in the Credit Amount column and enter the amount manually.

   2. Full Item Credit: Double-click any row to credit the full amount for that item.

   3. Full Group Credit: If records are grouped, double-click the group row to credit all items in that group in full.

   4. Credit Selected: Select specific rows using the check boxes, then click Credit Selected in the action panel to credit those items in full.

   5. Credit All: Without any rows selected, click on the button Credit All from the grid actions panel to credit in full all the items in the grid.

4. Click Submit to finalise.

5. The credit transaction will now display on the grid.

Edit a Currency Fluctuation or Bank Charges Credit

Only a few details can be modified on a credit. For more extensive updates, the credit must be deleted and recreated.

To edit the Credit transaction:

1. Go to the Fees tab of the Enrolment of interest.

2. Click on the Credit that you’d like to edit. Then click on the Edit Credit button on the grid action panel, or simply double click on the row.

3. Modify the detail as required and click on Update to save the changes.

Delete a Currency Fluctuation or Bank Charges Credit

To delete a credit transaction:

1. Go to the Fees tab of the Enrolment of interest.

2. Click on the Credit that you’d like to delete. Then click on Delete Credit button in the grid action panel.

3. Confirm to delete.