Recurring Charge Dialog

The recurring charge dialog is available from the income screen by clicking the Add/Modify button or by clicking the See List button then the Search button. It can also be accessed from the tenant screen's Lease tab pane.
A recurring charge is a transaction that is automatically and periodically applied. This way you do not have to enter the transaction every time. For example, a rent fee that is charged every month can be entered as a recurring charge. This also becomes a lease for a tenant. When the Recurring Charge For includes a tenant and the account is the rent account as defined in the preferences, the recurring charge automatically becomes the lease for the tenant. Tenants can only have one lease. If the tenant is active, the amount specified in the recurring charge will change the unit rent value. If the Recurring Charge For does not include a tenant, you cannot set the account to be the rent as specified in your preferences.

If a charge is due to be paid according to what you have entered in this dialog, invoking Post All from various places will automatically enter this and all due income transactions in the database. Upon start-up of ProprioSoft, you will be asked to post any transaction that is due at that time.

The Late Fee can be specified as a fixed fee or as % of amount of the recurring charge. See the details when selecting Add Late Fees to Income Amount Dues from the menu.

This dialog lets you enter account information, the start and end dates, the payment period, the amount and the late fee amount.

The button panel on the right performs update functions on the recurring charge.

See details about the recurring charge Report.

You can also access the Accounts dialog from here.