In MyKidReports, a credit balance occurs when a family or payer has paid more than the amount due on their account. This overpayment can be applied as a credit towards future invoices or charges.
Benefits of Credit Balances in MyKidReports:
Financial Flexibility: Parents can pay in advance, and the extra amount is stored as credit for future payments.
Automatic Application: The system automatically applies credits to future invoices, reducing the manual workload for administrators.
Transparency: Parents and schools can see credit balances clearly in the account, making financial tracking transparent.
View your Credit Balance in the app
Step 1: Log in to your account.
Step 2: On the Home screen, you can view your credit balance in the Payments section.
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Applying Credits to Future Invoices:
MyKidReports automatically applies credit balances to future invoices. When the next invoice is generated, the credit will be deducted from the total amount due.