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If student(s) Tuition Fee invoice is overdue by more by than defined number of days, the system auto creates Miscellaneous Invoice(s). The invoice details will be as below.
Transaction Type: Miscellaneous
Payment Type: Late Payment Fee
Course Information: Same as the course of the associated Tuition Fee
Due Date: Current date/ Date of creating this miscellaneous invoice.
Total Amount: As defined by the collegeeducation provider.
Invoice No: System auto generate with next available number in the database.
GST Included: No
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The college can define the certain number of days and the miscellaneous invoice amount as per their requirement.
Only one late payment miscellaneous invoice will be created per unpaid tuition invoice as per the above logic.
The miscellaneous payment type of Late Payment Fee MUST be setup in the system by the collegeeducation provider.
For example, if a college want the system auto-creates late payment invoices for the tuition invoices which are overdue more than 7 days, the scenario will be as follows: If a student has a Tuition Invoice (#1111) due on 1st January and is not paid, then system will create a new miscellaneous invoice on 8th January as a “Late Payment Fee” (Invoice no. different and auto system generated) and due date will be on 8th January.
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