Contributor(s): Amber Smith, Jorine Jones, Laura Latson-Arndt
Jackrabbit allows you to post tuition fees and process ePayments in a batch, saving you lots of time and money! Posting Fees should be completed prior to processing payments to make fee linking easy.
No matter how often your tuition billing cycle occurs (weekly, monthly, session, or custom), you should have an established routine.
Checks and Balances Prior to Posting
If you use Fixed Fees or Family Discounts for any of your families, it is best to do a quick check to make sure these are correct. Student Fixed Fees can be found through a search in All Students and Family Fixed Fees can be found through an All Families Search. Family specific discount can be verified through an All Families Search as well.
Conduct an All Families Search to see which customers have expired credit cards. This will address your customers’ ability to pay their account balance prior to processing ePayments. You can email families who have a missing or expired credit card using the pre-made template in your database. Add the link to your Parent Portal in the email template allowing parents to login and update the existing card or add a new card on file easily.
Step 1 - Post Tuition Fees
Create the balance for your families by posting tuition fees, whether you post tuition by total hours, class fees, fixed fees, or a combination. Some organizations prefer to post tuition fees a few days before payment is due. This allows time to verify account balances are accurate.
Use duplicate fee detection to find possible duplicates. This setting helps you avoid double-charging your clients that may have tuition fee posted to their account already. Before you post the tuition batch, use the preview screen to check for possible duplicates, ensure nothing looks off, and verify all special circumstances have been considered. When all looks correct, you can post fees!
Step 2 - Link Unapplied Credits
After posting tuition fees, it is a good idea to look for unapplied payments (full or partial) that have not been linked to fees. Run a Transactions Search to find the unapplied payments. Doing this immediately after posting fees allows you to link any unapplied payments to the new fees prior to processing payments.
For more detail on this process, check out the Best Practice article Maintaining Accurate Revenue Reports.
Step 3 - Spot Check Balances
It is important to spot check your family accounts. There are a few ways you can quickly do this:
- All Families - filter for Financial Details and enter a date for Has Not Had A Fee Posted Since?
- All Students - filter for Financial Details > No tuition posted since (select a date)
Use the Task list on your Dashboard to keep track of any special billing considerations per billing cycle.
Step 4 - Communicate with your Parents
Before processing payments, email your parents to alert them of newly posted fees in case they need to update billing information. Include a link to your Parent Portal so families can easily login and quickly make adjustments.
Step 5 - Processing Payments
Credit cards and bank drafts are not processed automatically. All ePayments in Jackrabbit MUST be initiated by a Jackrabbit User or the account holder through the Parent Portal.
Jackrabbit allows you to batch process ePayments (credit cards and bank drafts). The summary screen can be printed once processing is complete. This report is a quick reference of transaction status (approved or declined), along with the Trans ID.
If you have automatic decline emails setup, you do not need to reach out to the families whose payment declined via email or phone. With your Parent Portal link included, parents are more inclined to login and update their information in a flash!
Not using ePayments? Check out our ePayments webpage for more information. If you have additional questions, check out our Guide to Total ePay or email our team directly at email@example.com.
Streamline your billing process, no matter how often you bill. Create a billing to-do list that works for you.
Checkout out our sample billing checklist below!