Billing Methods
You can use the Billing Methods page to configure how your institution bills students for tuition and other charges. You can configure variations of billing methods by Academic Year, Course, Payment Period, Program, or Term and assign a different billing method for each program version. There is a correlation between billing and deferred revenue as typically both processes reference the same time frame (term, payment period, academic year, or program length). There are a few exceptions to this rule such as billing by term using a schedule of fees and earning over the length of the program.
The billing method configuration enables you to associate a rate schedule with each transaction code and with each campus which provides maximum flexibility for institutions with multiple campuses when billing their students. The billing logic in Anthology Student allows a student to be billed for the same term at multiple campuses so one student may be earning revenue concurrently at multiple campuses.
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Review the training (Anthology Academy registration and login required): - Billing Methods - An Overview (4 min.)
- Configuring Billing Methods (4 min.)
Prerequisites
To view the page, you must have Student Accounts - Configuration - View authorization.
You should also be familiar with the Background for Billing Methods.
Access Method
Select the Configuration tile > expand Student Accounts > select Billing Methods.
