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).
Calculate management fees
Go to Companies from the left sidebar.
Open the Actions dropdown.
Select Fees.
Use the filter dropdown to choose the company or property you want to calculate fees for.
Select the checkbox for each property, building, unit, or company you want to include.
Open Payment Breakdown to review the payments available for fee calculation.
Select the checkbox for each invoice payment you want to include.
Optional: click Change All Dates if you need to update the dates for the selected fees before submitting.
Click Submit.
Click OK to confirm and create the management charges.
To review the applied fees, select the company from the company list or menu.
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 How to Create a Tenant Invoice 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.