Accounting entries upon invoice setting

Select options for accounting entries upon invoice.

The system can record “subsidy receivables” upon invoice or consolidate “Subsidies” amount into the accounted/submission and add it to the receipt of grant upon the option selected.

Accounting management settings

Enable or disable the accounting management functionalities and the accounting entry generation for online payments’ money in transit.

Application cancellation settings

Configure whether to cancel the pay-upon-offer applications automatically when the payment due date arrives before the course start date. If the automatic cancellation is not enabled, the applications will remain even after the payment due date.

Bank file settings

Configure the bank file templates for the refunds’ bank file generation.

On the Bank file settings page, create bank file setting instances to configure the parameter settings and encryption setting for bank file templates.

Basic information settings

Configure the basic information of the course provider for the documentation generation by providing its name, code, fee protection scheme provider name, and address in the Basic information settings panel.

Course claim item generation

Configure the course claim items’ generation time for courses under different scopes by creating course claim item generation rule on the Course claim item generation page.

Course fee label setting

Configure course fee label used for payment summary pages and in the generated finance documents.

Course fee refund policies

Configure the reversal policies for different refund percentages when learners are withdrawn from the course.

On the Course fee refund policies page, define the percentage of the partial reversal policy and configure the criteria for full reversal, partial reversal, and no reversal policies.

Doubtful debt settings

Configure the conditions to automatically add payers to the doubtful debt list by creating doubtful debt rules to define the criteria for doubtful debts and their reminder settings on the Doubtful debt settings page.

Evening time range settings

Configure the time range for evening honorarium rate. Honorarium record of modules fall into the configured evening time range can be calculated by the evening rates.

Funding eligibility settings

Create funding eligibility rules to define the eligibility criteria for the course fee fundings.

Honorarium computation setting

Configure the computation method of honorarium records by selecting whether the calculation is based on honorarium rate assignment or by rates in the honorarium contract.

Instalment settings

Create instalment rules for CPE courses’ course fees under different scopes on the Instalment settings page to define the instalment schedules.

This requires the Enterprise Pro subscription. With this subscription, your organisation can contact MaivenPoint support to request to enable the functionality.

Internal user’s GST computation setting

Configure the GST amount computation method for internal users when it is a billing item. The GST amount can be displayed as zero, or normally calculated and displayed.

Invoice/Catalogue template settings

Configure template settings for invoices and course catalogues. The scope of courses identified under "For MOE" will display the course fees starting from the nett fee line while others will start from the full course fee line.

Mode of revenue recognition report

Configure the generation mode for revenue recognition report. The report can be generated either by month or by session hour.

Number range settings

Configure the range of numbers for financial records by creating number ranges and apply the range to different entities in the system on the Number range settings page.

Odd-cent settings

Configure the thresholds for odd-cents and excess amount in the Odd-cent settings panel. When the payment discrepancy beyond the threshold is detected, odd-cent or excess amount records can be generated.

Online payment processing settings

Configure processing fees’ settlement dates and receipt dates for online payment modes.

Payment and credit term settings

Create the payment and credit terms on the Payment and credit settings page to configure the due dates of corresponding payments.

Payment mode settings

Activate or deactivate the payment modes to manage their availability and configure the applicable payer type as well as payment instruction for the active payment modes on the Payment mode settings page.

PSEA (Standing Order) automatic verification settings

Enable or disable the automatic verification for billings paid by PSEA (Standing order) and PSEA (FormSG) in the PSEA (Standing order) automatic verification settings panel.

PSEA batch settings

Control the automatic generation of PSEA batches by creating PSEA batch rules on the PSEA batch settings page.

Refund mode and priority settings

Manage the available refund modes and their priorities for payers who are Individual – Singapore citizen/PR, Individual – Foreigner, and Company in the Configure refund mode and priority settings panel.

Refund preference settings

Configure the refund preference settings when the refunds involve cash, Post-Secondary Education Account (PSEA), and SkillsFuture Credits (SFC) in the Refund preference settings panel.

Reminder settings

Create reminder rules for missed, overdue payments, instalments, doubtful debts, or pending actions on the Reminder settings page.