Third Party Options
The Third Party Options determine whether student charges can be paid by a third-party.
Database Location
The selections in this section are saved to the BU_CONFIG table in the following columns.
Checkbox Option | Database Column |
|---|---|
Process Third Party as Subsidiary | THIRD_PTY_SUBSID |
Auto Generate Third Party Charges | AUTO_THRD_PTY_CHGS |
How to Update Third Party Options
From the Finance Receivables Administration Hub options, select AR configuration. The AR Configuration Settings page opens.
Click the Edit button and then click the Third Party Options link at the top of the page to navigate to that section.
Select from the following checkboxes.
Process Third Party as Subsidiary: Select this option to process third parties as subsidiary accounts. When this option is selected, the third party is treated like a subsidiary but a subsidiary code isn't associated with the third party ID.
Note
If your school doesn't process third parties as a subsidiary, the liability of the charges remains on the student even though the third party is responsible for paying. Each Third Party ID must be set up with a subsidiary code and the student's charges must be manually transferred to the third party.
Auto Generate Third Party Charges: This checkbox is enabled when the Process Third Party as Subsidiary checkbox is selected. You can choose to automatically transfer student charges to a third party. If this checkbox isn't selected, you'll need to manually transfer student charges to the appropriate third party IDs from the Desktop Transfer Third Party Subsidiary window.
Click Save changes.