Edvisor Recruit: What happens if I cancel an installment?
After a sale is created, you can cancel the installment, this will affect how Edvisor Recruit calculates the sale, in this article you have more information.
To cancel an installment or to write-off an installment may be very similar, to learn more about write-offs, check our other article What is an installment/payment write-off?.
You should cancel an installment when it was created incorrectly, or for some reason, it's not valid anymore. The big difference between canceling installment and writing-it-off is that when you cancel the installment, Edvisor Recruit will warn you that the student is missing an installment so they can pay in full their tuition fee.
For example, if the total amount of the fees in a given sale is A$10,000 and you cancel an installment of A$1,500 the sale total (A$10,000) will remain the same, but if you write-off, it will become A$8,500.