Financial Settings / General Settings / Transaction Rights & Controls / Basic Settings / Financial transactions are allowed only for the selected Student statuses
Here we can define what Student status will be applicable for financial transactions.
By default, only registered Students are applicable to this. However, you create custom Student status and enable them here to be applicable for financial transactions
If any payment- invoice is tried to be issued and the student doesn’t have the selected status that are allowed, then they will not be permitted from creating a new one.
Setting -> Registered
You cannot issue a payment receipt for the student because the status of the student is not selected in the setting
Setting -> Registered , Waiting Registration
Now you can issue a payment receipt because the student’s status (waiting registration) is included in the setting