Wouldn't you love to just snap your fingers and have all your families billed and tuition paid in full? Well, we can't make it that easy, but, Jackrabbit does provide you the tools to help fine-tune your billing process!
Whether you refer to tuition billing as "charging families" or "billing families" at Jackrabbit we refer to it as posting fees and processing payments. There are 4 steps in the tuition billing process.
|Let's step through the tuition billing process and at the end create a sample workflow for your review.|
Things to Consider Before You Start
These are some important questions to ask before you move ahead.
Q. Have you defined your tuition fee settings? This will tell Jackrabbit how you want to post tuition when a student enrolls in a class.
Q. Have you thought about a billing cycle? A billing cycle is defined by how often you bill tuition to your students.
Q. Do you want to offer discounts? Discounts can be tricky and you want to be sure to always keep your bottom line in mind when considering discounts (multi-class or multi-student).
Q. Do you want to offer families different payment options? This will allow families to pay in different increments; pay in full, monthly, quarterly, or by session. Assign an ePayment Schedule or Membership Type to families.
Q. Have you set up a billing and/or ePayment policy and assigned it to classes? For our clients who use ePayments, we recommend you create a separate ePayments billing policy.
Q. Do you need to increase tuition fees? No one wants to raise prices, however, it may be necessary for any number of reasons. This blog has some great tips and suggestions for when you do increase fees.
Step 1 - Select How to Post Fees to Family Accounts
There are several options for posting tuition fees to accommodate how you run your business. Depending on your business needs, you may use one, two, or all three options.
Tuition Fee Settings - We recommend using this method to post fees automatically* to family accounts when students are enrolled by any of the following:
*Adjustments are made for discounts and proration.
Transactions (menu) > Post Tuition Fees - Post tuition fees for a billing cycle to multiple families or to just one family. Use the Post Tuition Fees page each billing cycle to post fees or set up to post fees automatically. This method offers an advanced detection tool to help you avoid double-charging families.
Make Sale/Post Fees - Use this method to post tuition fees to an individual family. You must enter the correct Transaction Type, Category 1, Tuition Fee, Discount, Student, and Class.
This method has a higher risk of user error. If a student or class is not selected correctly the family will be included in the Tuition Not Posted report.
Learn how to post tuition fees with Make Sale/Post Fees.
Step 2 - Check for Tuition Fees
You don't want to forget this step! The Tuition Not Posted report shows all students enrolled who may be missing a fee posted to their family account. If a student is on the report you should review the family's account for issues.
In addition to reviewing the Tuition Not Posted report, we suggest you spot-check family accounts for the following:
Step 3 - Find & Apply Unapplied Credits to Fees
It's important to take this step to find any unapplied credits, this will save you tons of time and a lot of aggravation!
Check for unapplied credits and link these prepayments (credits) to any fees. This will avoid errors when collecting payment from your families and link the payment to the correct Fee Category 1 (or revenue bucket) for accurate reporting.
Go to the Transaction (menu) > Find Unapplied Credits to find and apply payments/credits for more than one family at the same time.
Communicate with Your Families (optional)
We recommend you communicate with your families before moving to the next step for processing payments:
- Email your parents to alert them you will be posting fees, just in case, they need to update their billing information.
- Include a link to your Parent Portal so families can easily log in and make changes to their credit card/debit card information.
- Go to the Families (menu) > All Families, filter for families with Has missing/expired credit cards, and email those families from the All Families grid. Click the Send (icon) to email those families with a custom-designed email template (103 Credit Card Expired) or Create Your Own Email Template.
- Jackrabbit offers the ability to send statements by print or email to multiple families at one time.
Step 4 - Process Payments
Jackrabbit offers the option to partner with one of our two ePayment Partners to save you time and money. Payments can be processed for multiple families all at once with payment transactions posted to family accounts automatically and family balances updated.
Recommended Option - Even though there are a few options available to you for processing payments, we recommend you process all ePayments at once using the Transactions (menu) > Process ePayments.
Select Post Later to Automate ePayments to Process Later and set up a recurring schedule, in other words, you only have to set it once and it's done!
Individual payments can be posted to a family's account using the following:
Learn how to Post an Individual Payment to the Family Record.
Additional Educational Materials
Watch these webinars at your convenience:
Tuition Billing Workflow Example - ABC Gymnastics School
ABC Gymnastics School Business Rules
ABC Gymnastics School operates 2 sessions per year:
Students can enroll in classes any time during the School Year Session.
Tuition fees are posted monthly.
Enrollments and dropped classes are prorated based on when the student enrolls or drops in the month.
ABC Gymnastics offers multi-class and multi-student discounts.
Tuition Fee Settings should be set to post discounted and prorated tuition:
On the 25th of every month, perform the following tasks:
Quick Tip: Select Post Later to schedule tuition fees to be posted automatically on the schedule you set.
On the 1st of every month, perform these tasks:
Quick Tip: Select Process Later on the Process ePayments page to schedule payments to be processed automatically on the schedule you set.
If you have questions about any information included in this article, please contact us.
Click on the in Jackrabbit to request assistance, or click here to book a call with one of our Support Specialists.