Fees

In this step-by-step video, you’ll learn how to create and manage Fees in TEAMS, which are essential for accurate invoicing, commission tracking, and financial reporting across all academic levels.

You’ll learn how to:

• Access and navigate the Fee Welcome Screen to view and search existing fees
• Understand the purpose of Fee Type and Object Type and how they determine where each fee applies
• Create new fees by entering mandatory details such as Fee Code, Fee Name, and Fee Amount
• Correctly calculate and apply GST (e.g., divide total by 1.1 to get exclusive amount)
• Enable the Pay Commission option to automate agent commission invoices
• Deactivate old or unused fees to maintain historical accuracy and audit compliance
• Use the Custom Import File for Fees to add multiple fees efficiently

By the end of this lesson, you’ll understand how to manage and configure fees effectively to ensure your college’s billing process remains accurate, automated, and compliant.

IMPORTANT: At the end of this lesson, you will need to complete the quiz before moving on to the next lesson.