General Finance Settings

• Utilities > Settings > Update Finance Settings

This setting determines how discounts applied at the Offer stage are carried through when the Offer is accepted and enrolment invoices are generated.

• When disabled
  Discounts are applied directly to the invoice amounts without creating separate credits.
  Example:

  • Offer: Course $200.00, Discount $50.00, Total $150.00

  • Invoice created: $150.00

• When enabled
  CREDIT - Discount entries are created on enrolment invoices to reflect the discounts.
  Example:

  • Offer: Course $200.00, Discount $50.00, Total $150.00

  • Invoice created: $200.00 with a CREDIT - Discount entry of $50.00 applied.

This option determines whether agent credits or tax credits can be transferred between a student’s enrolments.

This option controls whether financial transactions, such as updating Invoices and Receipts or applying credits, dated before the last Income Recognition Report can be modified.

• When enabled RECOMMENDED
  Financial transactions with dates prior to the last Income Recognition Report cannot be modified or backdated into that period.

• When disabled
  Financial transactions can be changed regardless of the last Income Recognition Report dates.

Changes to past financial transactions may affect the accuracy of Income Recognition Reports.

This option determines whether credits that have been transferred between a student’s enrolments can be refunded.

• When enabled
  Once a credit is transferred from one enrolment to another, it can be refunded from the enrolment that received it.

• When disabled
  Transferred credits cannot be refunded from the receiving enrolment.