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The Accounting Module in Paradigm is an extension to the financial processes your business or institution can do to a student enrolment record. This feature will provide a comprehensive and safe avenue to create for all the student record financial information, including but not limited to creating an invoice, accept accepting payments, pay paying off invoices, and the flexibility to make some adjustments to invoices, issue credit notes, record customer returns/ refundrefunds, and cancel invoices.
Other notable features that you can do within the Accounting module are: (1) adding and editing of non-tuition products (e.g. textbook, ID Card, Enrolment Fee, etc.), (2) adding internal discounts and scholarships, (3) the ability to search and reconcile all payments given a criteria, (4) and most importantly – the option to do enrolment invoices in bulk and bulk apply payments to invoices for data entry efficiency.
NOTE
To access the Accounting Menu in Paradigm, it is assumed that you have the minimum required level access, and an understanding that making changes within this section have wider system implications. The Accounting Section of the system is only accessible by Flex Admin, Full Admin, and Accounting Level Access.
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