Adding Fees Payment Destination Sub-Accounts
SchoolFocus EdTech Solutions
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10 steps
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2 minutes
Schoolsfocus
Adding payout sub-accounts
The **Fees Destination Sub-Accounts** feature enables your school to channel payments for different items (e.g. Admission form, Tuition, School bus, Graduation, Hostel, Feeding, etc.) to their different, dedicated bank accounts, if your school have such different bank accounts for receiving different categories of payment.
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Sign in to your school portal as a super-admin
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Click the "FINANCE" menu-group
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Click the "Fees / Bursary" menu
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Click the "Payment Settings" sub-menu
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Click the "Fees Destination Settings" tab
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Click the "New Destination Account" button
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Fill out the form with the information of the bank account and click "Save"
After adding fees destination sub-accounts, you will then be able to select them as the destination of invoice payments while creating or editing invoices, configuring fees schedules or setting other payment-related configurations (like admission forms, course registration, hostel application, transport subscription, etc.)
Routing invoice items to specific sub-accounts
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Whenever you're creating or editing a payment invoice, you can click the "Bank" icon at the extreme right corresponding to any of the added invoice payment items to select the particular sub-account where that item's payment should be settled into. \ \ This is called "**Item-level**" payment destination setting.\ \ You have the flexibility to set different items in the same invoice to go into different bank accounts as may be necessary. \ With this, the payer makes a single payment, but the system will route the items' amounts to their set payout destinations.\ \ *Note that the payment system will follow this strictly only if there is no "**Invoice-level**" destination set for that invoice (see below), otherwise, the Invoice-level destination overrides all Item-level destinations set in the invoice.*
Routing an entire invoice to a specific sub-account
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Whenever you're creating or editing a payment invoice, you can set the entire invoice to be settled into a specific payout sub-account. \ This is called "**Invoice-level**" destination, and if set, will override any item-level destinations that may have been set for the various items in that invoice.\ \ To do this, click to check the "**Control Payment Destination Account (invoice-level)**" checkbox.
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Select the desired destination sub-account.\ \ Proceed to set other configurations for the invoice and ensure to save changes afterwards.
