Adjustments
The Accounts Receivable module
automatically adjusts student charges when the amounts increase.
If a charge is assessed for students at one point during a term but
and later the charge needs to increase, an adjustment is necessary. If
the amount of the charge is increased on the Charge Table, the next time
charges are generated, the students who were charged the lower amount
will have an adjustment made to equal the higher amount.
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The
charge for Roselawn parking permits was $20 at the beginning of
the term. Students living in the Roselawn dorm with a vehicle
were charged this amount. Later, the charge was raised to $25
because of damages. You should make the change on the Charge Table
and generate charges again. The students living in the Roselawn
dorm with vehicles will be charged an extra $5 since the Fees
table had recorded that they were previously charged $20. These
adjustments are made by the system automatically, and no setup
steps are necessary. |
You can make manual adjustments to a student's account. Usually the
source for this group of transactions is MS; however, your organization
may choose to use other source codes, as well.
You can manually enter adjustments using the following:
· The (if you are not using the Open Items) in the General
Ledger module.
· The Miscellaneous Charge
Entry via the .