Management Fees can be added manually or they can be generated automatically on a schedule. To create a new management fee structure, see Adding And Editing Management Fees. And to set the management fee profile see Adding, Editing and Deleting Management Profiles. Depending on how you set the profile, you can have fees to be automatically generated for you or you can calculate them yourself (or both).

To calculate fees on your own, you would go to the Accounting page, under the Companies tab. This is especially useful if the amount changes on a monthly basis or the date of the month changes. It is also useful for any time you want to charge additional fees or charge them on a different day from your set schedule. Once on the Companies tab, you will choose Fees from the three dot menu near the top left.

From here you can create multiple fees at once, and you can filter by invoice date or invoice payment date. As well as Change All Dates from the three dot menu on the right side.

Then you can click on each building or unit or company, depending on how your fee management fee structures are set up, and set fees to charge. Once you have entered in all your fees, you click Submit on the bottom right.

You can also manually create management fees one at a time, on the Accounting page, under the Companies tab. On the Management Fees tab you can create a new one-time fee, just like you would if you created a new invoice for a tenant. See Creating an invoice for a tenant and follow the same instructions but instead of an invoice for a tenant you are creating a management fee for a specific company. And for management fees, there is both an income item for your property management company, and an expense item for the owner.

***Note: Fees that are automatically generated by the system are not recalculated if the payment amount gets edited on a later date. Example: $100 rent payment, 5% fee, a $5 management fee gets created. If you then edit the rent payment to be $150, this will not go and change the $5 management fee since that was already created according to the amount and the rule at that given time.