Fee Components

Fee Components

Fee components are the heads used while creating fee structure. These components can be created as ledgers and can be mapped with respective bank account.

While creating fee structure priority can be defined to these fee components in order to display.

Role

Finance Admin

Path

Finance Admin >> Accounting >> Accounting Configuration >> Ledger

Finance Admin >> Fee >> Academic Fee >> Academic Fee Fixation

Terminology Used

Particulars: Particular will be the fee head to be selected (Ledger created)

Time unit: Time unit can be One time/Yearly/Daily/Monthly depending on the type of fee. For example Deposit can be marked as One Time unit. Whereas tuition fee or development fee can be marked as Yearly.

Refundable: Refundable option can be marked as Yes/No depending on fee type. For example Deposit can be marked as Refundable-yes whereas Tuition fee will non refundable.

Display Name on Receipt: Display name can be different than selected component name only for the display point of view on receipt. For example Lab Charges, Book bank charges will be maintained separately in account under those heads. But on student receipt that can be shown as 'Other Fee'