Settlement period
Use the diagram below for clarification on when money (collected in the previous week) will be disbursed into your school bank account.
Click image to expand.
When parents make a payment, the money they have paid goes to a central account for processing. The money is then disbursed into your bank account on a weekly basis. The Financial Disbursements report will be useful if you need to see a breakdown of all parental payments that were collected in any given settlement period.
Use the diagram below for clarification on when money (collected in the previous week) will be disbursed into your school bank account.