A Study on Delayed Payment of Semester Fees by the Commerce Students of BHC, Trichy

Abstract

Receivables management is a significant function of every business concern to run the business seamlessly and maintain the cash flow into the business. Cash flow is not only important for a business but also for educational institution. In recent decades, educational institutions have been functioning as business and Schools and colleges are also having competition to acquire a major share in the educational market. Here educational institutions are finding difficulty to fix the tuition fee and collect the fee from the students. This study tries to provide solutions for the problems faced by the educational institutions regarding tuition fee collection. There are several reasons for the delayed payment of fee but college management need to communicate the fee, mode of payment, last date of payment and consequence for the defaulters from the day one.