Discounts

Discounts

Predefined Discount

You can create a predefined discount, which can then be applied to multiple children.  Predefined discounts simplify the process of applying discounts as they have a predefined name, charge item and subsidy amount.  Secondarily, if you want to change the name or amount of the discount, you only have to modify the predefined discount and the changes will be applied to all the children to which this discount is applied.  To create a predefined discount go to Admin > Finance > Discounts.




Discount Options

A discount can be defined either as a dollar amount, or a percentage.  If selecting the percentage option, you can tell Timesavr how to calculate the percentage discount.  All percentage discounts are applied against childcare fees, but you can choose whether or not to apply the discount to other fees, and whether or not to first deduct subsidies and grants before calculating the discount.  



Applying Discounts

To apply a discount to an invoice, you must assign the discount to the child before creating the invoice.  To do this, go to the child's "Fees & Discounts" page and select "Add a discount". 

When adding a discount to a child, you must always enter an effective date, but the expiry date is optional.  You must also choose to add either a predefined discount, or a custom discount.  Adding a predefined option requires you to select only an effective date, and the discount you want to apply.  Once saved, this discount will be applied to every invoice you create for this family, by default, according to the rules of the predefined discount.




Custom Discount

Although it is typically recommended, you do not need to predefine discounts, as you can also apply a custom discount to a child.  To do this, select "Add a discount" on the child's Fees & Discounts page, then select "Enter a custom discount".  A custom discount will require you to select the same options as you would if you were creating a predefined discount.  See "Discount Options" above.




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