Follow the below path to create the advance fee type

Settings --> Finance --> Create Fee Types --> Misc Fee Types --> Wallet / Advance Fee --> Add Fee type

You can create the advance fee type for all the fee types, while adjusting the advance fee, for which advance fee type you collected the fee, only for that fee type only can adjust.

Note :

1) We can use this fee type to collect the Excess Amounts (Advance Amount to Next Year).
2) If any student paid Extra Amount apart from the Assigned fee, that extra amount can be adjusted in this fee type.
3) We can adjust this Excess Amount to Student Current/Next year Balances.