How to Charge a One Time Fee to a Portfolio (Owner), Property or Unit

In the system you can post a fee to a portfolio, property/unit. This article will show you how to do that on both Manager Ledger mode and Bill Mode

Manager Ledger Only

To post a one time fee to a portfolio, property or unit:

• From the left navigation menu click on ACCOUNTING then from the dropdown menu click on Manager.
• Click on the green Actions button on the top right then click on Post New Management Fees from the dropdown menu.
• Fill out the fields on the form.
  • Ledger - Choose who you are charging the fee to (portfolio, property or unit).

• • Date Posted - Choose charge date

• • Amount - Dollar amount

• • Description - Reason for Fee

• • Bank Account - Choose the bank account

• • Portfolio Expense Account - Choose applicable expense account to portfolio ledger

• • Manager Income Account - Choose applicable income account to the manager ledger
  • Click Save

Bill Mode Only

To post a one time fee to multiple portfolios, properties or units:

• From the left navigation menu click on ACCOUNTING then from the dropdown menu click on Manager.
• Click on the green Actions button on the top right then click on Post Bulk Management Fees from the dropdown menu.
• Choose a type - What type do you want to charge this fee? Portfolio, Unit or Property
• Fill out the fields on the form.

• • Select - Choose who you are posting the fee to by selecting the box next to the portfolio, unit or property.

• • Date Posted - Choose charge date

• • Account - Choose applicable expense account to portfolio ledger

• • Manager Income Account - Choose applicable income account to the manager ledger

• • Amount - Dollar amount

• • Description - Reason for Fee
  • Click Submit