TRANSACT: Understanding Payment Plan Templates

Payment Plan Templates are used to define what invoices should be automatically invoiced for a child with a given set of attributes enrolled in a specific program. 

All Programs should have a minimum of two payment plan templates

• A default payment plan template: contracts for all non-KFS eligible children will be proposed using this payment plan as the template
• A subsidy payment plan template: contracts for all KFS eligible children will be proposed using this payment plan as the template

Additional payment plan templates may be created for other scenarios such as: 

• annual payment plans
• Fortnightly payment plans
• Discounted payment plans for specific scenarios (eg. twins) 

Where additional payment plan contracts are available, the user can select from these when approving a child's contract (they will not be automatically recommended

How to create a new payment plan template

How to clone an existing payment plan template (this can be very useful when creating each programs templates with the same term dates as another)