Re: Prepayments on accounts

From: Stuart B. Warner (swarner@wnec.edu)
Date: Thu Mar 07 2002 - 12:02:50 EST

  • Next message: Stuart B. Warner: "Re: student authorization to pay miscellaneous charges"

    We have an Early Pay plan. This covers tuition costs only. If payment
    is received by September, they can pay for future semesters at the
    current price. We book the payment into something like a deposit
    account. Then each semester in the following year, I will book a credit
    for full tuition to their account. Then through the accounting system,
    I need to book an expense as the difference between what was originally
    paid and what the cost really was. I just keep a spreadsheet of who's
    doing what, and what the original tuition rate was that they came in at.

    Sheryl Douglas wrote:
    >
    > We would like to know how other schools handle accounts when students or
    > family members want to put money up for future terms. This would be held
    > till they are enrolled even for a few years from now.
    >
    > Thank you in advance for your answers.
    >
    > Sheryl Douglas
    > Campus Card Manager
    > Arkansas State University
    > 870-972-2024
    > sdouglas@mail.astate.edu
    > anabnr2.gif





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