Payment terms in e-maktab is a powerful feature. It lets you configure how frequently you collect fees from students in your maktab/madrasa. For example, let's assume you collect fees monthly from all students. You will select payment terms as monthly under types and you'll define the monthly fee in the fee field.
The best thing about this is that if payment term as monthly is selected, then every month the fee defined will automatically be reset for all the students belonging to that type so you don't have to manually update the fee for the next month. This applies to the other payment term types listed below:
- Monthly = 1st of every month fee will be reset
- Quarterly = 1st day of the quarter fee will be reset
- Half Year = 1st day of the 6-month fee will be reset
- Yearly = 1st day of the year fee will be reset