What is the purpose of the “Fee Type Code”?

Explanation

The Fee Type Code is used to uniquely identify a fee type, even when multiple fee types have the same name. It acts as a unique identifier for the system to differentiate between similar fee types.

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Where Is It Set?

You can set or edit the Fee Type Code in:
Settings → Finance → Fee → Fee Type

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How to Edit or Create Fee Type Code?

1. Edit an Existing Fee Type Code:
   • Go to the desired fee type.
   • Click the three-dot menu next to it and select Edit.
   • Change the Fee Type Code as needed and save.

2. Create a New Fee Type with a Code:
   • Click the Add button in the top-right corner.
   • Enter the fee type name and assign a unique Fee Type Code.
   • Save the new fee type.

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Why Is It Useful?

• Avoid Confusion: If two fee types have the same name, the Fee Type Code ensures that each one is uniquely identifiable.
• System Organization: It helps the system keep track of fees more accurately.
• Error Prevention: Reduces the chances of errors when managing or collecting fees.