The system automatically charges penalties for delay to the amount of 0,5% over the due amount per each day of delay, but not more than 20% of the due amount in the bank account of the school and the preschool. In case the Tuition Fee payment is not sufficient to cover the calculated penalty and the capital, it is necessary that the penalty is paid first and afterwards the principal. Over the remaining principal will be calculated penalty for delay until the moment of its full payment.
Invoice of due amount at the amount of 1 000,00 BGN, with due date 30.06.2021, a transfer received to the bank account of the organisation on 15.07.2021.
On 15.07.2021 the system displays the liabilities as follows:
- Principal – 1 000,00 BGN
- Calculated penalty up to 15.07.2021, equal to 75 BGN /for 15 days x 0,5%/.
In case of transfer on 15.07.2021 of the total principal and the calculated penalty up to the moment at the size of 1075,00 BGN, the total principal as well as the calculated penalty up to the moment is being redeemed.
In case of transfer on 15.07.2021 of the principal only – 1 000,00, the calculated penalty at the amount of 75,00 BGN is paid first and afterwards with the residual 925,00 BGN the principal is partially paid.
The outstanding amount is unpaid principal at the amount of 75,00 BGN, on which the system will continue to accrue penalty until its full redemption.
In case of transfer on 15.07.2021 of an amount which is insufficient to redeem both the principal in full and the calculated penalty up to the moment, i.e. in case of transfer of 1050,00 BGN instead of 1075,00 BGN, the calculated penalty at the amount of 75,00 BGN is paid FIRST and afterwards with the residual 975,00 BGN the principal is partially paid.
The outstanding amount is unpaid principal at the amount of 25,00 BGN, on which the system will continue to accrue penalty until its full redemption.
Different fees divided into categories – tuition, educational resources and exams; food and fresh juice; water and protective masks; lost textbooks and suffered material damages; access cards; extracurricular activities, uniforms.
The system does not allow consolidation of payments related to the different fees due to the different deadlines.
It is possible the school or the preschool have payments due by the parents/guardians of Food Fee and Fresh Fee, and at the same time there is an issued credit note so the parents/guardians have to receive reimbursement for paid fee for Extracurricular Activities.
In such case the system does not allow deduction, therefore the parent should pay the amount of the invoice for food and fresh, and the school or the preschool shall reimburse into the bank account stated by the parents/guardians the amount consistent with the credit note.