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2. Fees Ledger

All fees from Full Fee Paying Programs are posted to the F ledger. On calculation of fees, income is credited to 9218 (DTF) and 9390 (ISF) and the debit is posted to 1794. Income is credited to distribution chart-field combination as specified in Student System financials.

There are daily posting routines undertaken to ensure that items are posted to both systems consecutively. Reconciliations between the Fees system and the General ledger (which are performed to ensure that the subsidiary system balances), are ideally performed every period. These controls ensure the integrity and completeness of the Fees system; therefore the financial statements that rely upon it are safeguarded