Enrolment - Funding - Payment Options for Employer Contributions

Introduction 

This article outlines the payment options available for employer contributions in Bud Systems. You’ll learn how to select and manage payment methods, including full payments, monthly or quarterly installments, and the 80/20 split option. This process ensures that employer contributions are handled efficiently and in compliance with funding regulations.

 

User Role

  • Trainer 
  • Operations Manager
  • General Administrator 
  • Compliance Administrator 

How to: Select Payment Options

The payment options will be presented on the 'Choose payment options' page if the employer has to contribute to the cost of the apprenticeship, where the agreed training cost has exceeded the maximum funding. 

Enrolment_-_Funding_-_Payment_Options_Employer_Contributions.gif

This page will provide a full breakdown of the costs, detail how much the employer has to contribute and provide an area for the user to enter when the employer is going to pay (in full, monthly quarterly, or by 80/20 split). 

As this is all based on the individual applicant’s circumstances - the information presented on this page will vary from application to application:

  • By default, the 'Pay in full' option will be selected. If 'View other options' is selected the monthly, quarterly or 80/20 split options will become available. 
  • For monthly and quarterly once the date of the first payment has been entered the system will calculate the maximum number of payments allowed between this date and the apprenticeship end date. 
  • For 80/20 split, the first payment will be scheduled for one month after the start date. The 80% will be split overly monthly instalments for the duration of the practical period. The 20% will be scheduled for one month after the end of the practical period. 

Once the payment options have been entered a user will select 'next' where they will be taken to the 'Sign funding agreement' page where they will also be able to view the payment schedule