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Show application of deposits as "Deposit" instead of "Customer Payment" on student financial tab/dashboard/statements

Our school tuition deposits are collected months in advance.  When the deposit is made, an invoice to record the deposit  and the customer payment are entered as transactions (4/6/23 below) When specific criteria is met, the tuition deposits are released and applied to the student's account, this also shows as a "customer payment" (7/31/23 below).  This is confusing as no additional payment was made, nor monies received.

We would like to propose when a deposit is released that the Payment Type show "Applied Deposit" instead of "Customer Payment"

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