Education
Initial Tuition Billing (Semester Start)
Recording the total amount owed by students at the beginning of the academic term.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Student Accounts Receivable | Asset (+) | 10,000.00 | - |
| Deferred Tuition Revenue | Liability (+) | - | 10,000.00 |
💡 Accountant's Note
At the start of the term, you bill the full amount. It is not revenue yet (it's deferred) because the classes haven't been taught.
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