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Payment Adjustments

Handle real-world payment scenarios: partial payments, advance payments, refunds, discounts, and late fees. Keep perfect records with built-in reconciliation.

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Comprehensive Adjustment Tools

Partial Payments

Accept partial payments and track remaining balance automatically. Send reminders for outstanding amount only.

Discounts & Scholarships

Apply percentage or fixed amount discounts. Perfect for early bird discounts, sibling discounts, or merit scholarships.

Late Fee Management

Automatically add late fees for overdue payments. Set fixed amount or percentage based on days delayed.

Refund Processing

Process refunds with proper documentation. Track refund status, method (bank transfer/cash), and approval workflow.

Advance Payments

Handle advance fee payments for future months. System automatically adjusts when next fee cycle arrives.

Payment Plans

Split large fees into installments. Set custom payment schedules with different due dates for each installment.

Built-in Reconciliation

Say goodbye to Excel nightmares and manual matching

Automatic Reconciliation

  • Auto-Match Payments
    System automatically matches incoming payments to member invoices using payment links and reference numbers.
  • Real-Time Updates
    Payment status updated instantly when money is received. No waiting for end-of-day bank statements.
  • Mismatch Detection
    System flags mismatches automatically: wrong amount, duplicate payment, or unidentified transactions.
  • Audit Trail
    Complete history of every adjustment: who made it, when, why, and original vs adjusted amounts.

Reconciliation Dashboard

Matched Payments247
Pending Review3
Partial Payments12
Refunds Processed5

Handle Any Payment Scenario

Scenario 1: Student Left Mid-Year

A student paid ₹50,000 annual fee but left after 6 months. Need to refund ₹25,000 for remaining 6 months.

Solution:

1. Create refund request for ₹25,000
2. Add reason: "Student withdrawal mid-year"
3. Process refund via bank transfer
4. System auto-updates payment status and generates refund receipt

Scenario 2: Scholarship Student

A merit student gets 25% scholarship. Monthly fee ₹10,000 should be reduced to ₹7,500 permanently.

Solution:

1. Apply 25% discount to student profile
2. All future invoices auto-generated at ₹7,500
3. Discount shown separately on invoice for transparency
4. No manual calculation needed every month

Scenario 3: Payment in Two Parts

Parent can only pay ₹5,000 now out of ₹10,000 monthly fee. Will pay remaining ₹5,000 in 10 days.

Solution:

1. Mark ₹5,000 as partial payment
2. System shows ₹5,000 outstanding
3. Send reminder only for remaining ₹5,000
4. When second payment received, mark invoice as fully paid

Reconciliation Performance

98%

Auto-matched payments without manual intervention

10 hrs

Saved per month on reconciliation work

100%

Accuracy in adjustment tracking and audit trail

Handle Complex Payments with Ease

Never struggle with partial payments, refunds, or reconciliation again. Let automation do the heavy lifting.

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