Purpose: Understand best practices for lowering an invoice other than by receiving a payment
Best Practices & Notes
Non-payment methods for lowering an invoice:
Discount
Pro-rate
Scholarship
Description:
Discount: a deduction from the cost of registration
Pro-rate: to reduce the total amount of an invoice due to a portion of a program being missed
Scholarship: financial aid or athletic scholarship to help pay for a program
Recommended Use:
Discount: usually relationship-related
Pro-rate: participant only playing part of the program
Scholarship: giving money for financial need
Additional How Tos & Guides