Coming in v9.9 - Tax exclusive management fee percent

Posted on April 11, 2011

The management fee percent is the percentage of the rent receipts which is retained by the property manager in the forms of a fee.

Currently the fee is set as a tax inclusive percentage.  For example if you charge 8% plus tax, and tax is a nice round 10%, you would enter the value as 8.8%.  However in version 9.9 you can now enter the fee percent as a tax exclusive value (i.e. 8% in our example) and the system will calculate the tax inclusive value for you automatically.  You can choose either tax inclusive or exclusive as the entry option.