Schools can simplify and automate the billing process for students by leveraging the invoice feature offered by Built Financial Technologies. This tool allows schools to generate accurate, customized invoices for tuition, fees, and other charges, ensuring smooth financial operations and better transparency for both the institution and students.

Generating and Automating Student Invoices

With Built’s invoice feature, schools can easily create and send detailed invoices for various student-related fees, such as tuition, extracurricular activities, textbooks, and lab fees. The system can automate the calculation of these charges based on preset rules, such as course enrollment or credit hours, and can even apply discounts or scholarships where applicable. This reduces the likelihood of errors and streamlines the invoicing process.

Customization and Branding of Invoices

The system also allows schools to customize invoices to include their branding, school policies, payment deadlines, and specific details about the charges. This ensures that students, their parents or guardians receive clear, professional invoices that are easy to understand. The invoices can be sent digitally, allowing for quick delivery and reducing administrative workload related to printing and mailing physical invoices.

Tracking Payments and Sending Reminders

The Built invoice feature also makes it easy for schools to track payment status and send reminders for overdue payments. Schools can generate real-time reports to see which invoices have been paid and which ones are still outstanding. Automated payment reminders or alerts can be sent to students or guardians through sms or emails , helping reduce late payments and improving cash flow for the institution.

Maintaining Accurate Financial Records

Finally, the Built invoice feature can help schools maintain accurate financial records. By archiving all issued invoices and payment histories, schools can quickly access financial records for audits, tax purposes, or future reference. This ensures transparency and accountability while reducing the administrative burden of manual record-keeping.