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One of the most important tasks you have as an owner or manager
is to always
know who owes you - how much and for what!
The CompuDance
AR Operations do this for you.
Who Owes You?
CompuDance
keeps track of each student's charges and payments.
When a charge has not
been offset by a payment,
that's an "account receivable."
You
can print a variety of AR Lists so that you will
always know
who owes you and how much they owe.
Late Fees?
If you charge a
Late Fee each month for accounts which are
delinquent,
CompuDance will post that
Late Fee to each account with an amount due
for whatever category you
want.
The Late Fee can be a fixed amount ($5.00, for example),
or it can
be a percentage of the amount due (2% for example).
You decide, CompuDance
will do the rest.
Send Out Statements?
CompuDance
will automatically print statements
(invoices)
for all your students and/or families who have an amount due each month.
You then
simply fold them, put them in window envelopes,
and drop them in the mail.
Or, let's say it's 4:45 PM.
You might want to ask CompuDance
to print a statement (invoice)
for each student/family in your 5:00 PM Tap class
who still
owes the month's tuition.
Then when a student who owes arrives at 5:00 PM,
you can hand her (or her parents) a statement.
Or, here's something even better!
You can send your statements by
E-Mail.
Forget the envelopes, the paper, the stamps!
It will take you between 3
and 4 minutes to send statements
to hundreds of your students by E-Mail.
CompuDance has a number of operations
to help you keep the money coming in when it's due.
Your "cash
flow" is important to CompuDance.
Without accurate AR information, you
are ripe for loosing money.
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