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Key terms and concepts

The list below demonstrates the key fields that need to be filled for creating an operationally viable payment.

Please note there are optional fields on that screen and you do not have to fill them all.

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Field Name

...

Brief Description

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Field Name

...

Brief Description

...

Payment Id

...

System Generated payment number

...

Status

...

Status of the Payment

  • Cancelled

  • Confirmed

  • Not Paid

  • Received

  • Sent

...

Reference Number

...

  • Undergraduate

  • Postgraduate

  • HDR Masters

  • HDR Doctorate

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Payment Type

...

  • Customer Payment

  • Customer Refund

  • Internal Payment

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Effective Date

...

Payment date

...

Payment Method

...

Payment Methods accepted by the Institution

  • Cash

  • Credit Card

  • Debit Card

  • EFT (Electronic Funds Transfer)

  • BPay

  • Paypal

  • Payment Express

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Amount

...

Add the amount received from the student without a dollar sign. This amount can include any transaction fees.

(In this case a $1.50 credit card surcharge)

If there are not additional fees then Amount and Sent amount are identical.

Please note: Financial fields cannot be left blank.

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From Party Id

...

The Student or Agent making the Payment

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Sent Amount

...

Add the amount received from the student without a dollar sign. 

This amount does not include any transaction fees and is amount to be paid off against any tuition.

Please note: Financial fields cannot be left blank.

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To Party Id

...

If there are multiple Campus within the system payment can be coded here

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Is Net Payment

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  • Yes

  • No

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Assoc party Id

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The Student or Agent making the Payment

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Drawer (if Cheque)

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If paying by Cheque - Name on the Cheque

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BSB (if Cheque)

...

Bank State Branch (often referred to as "BSB") is the name used in Australia for a bank code, which is a branch identifier. The BSB is normally used in association with the account number system used by each financial institution.

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Bank (if Cheque)

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Name of Financial Institution

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Comments

...

This is a Free text field for any comments.

Please note: Any Text written here will appear on the Receipt

 

Implications

Note

Be advised

It is important that any users have a high level of understanding of the system before accessing and using the Accounting section of the system.

In Particular:

  • Fee Rules

  • Timings of various key milestones in Higher Education reporting (Census dates and HEPCAT / TCSI reporting)

 

Workflow