New in 8.3 - Automatic extra fees on expenses
For some property managers, it is common to charge an additional fee to the property owner when expenses are incurred and the property manager has to arrange for tradespeople or someone else to handle the expense.
So it will be possible in version 8.3 to automatically charge an extra fee each time an expense is created. This is set up on the expense group, where you specify what management fee % you want to apply to expenses using that particular expense group. By default it will be set to 0%, which means no fee will be applied. To start applying fees you will set the management fee % for that group. However any transactions created prior to setting up the expense fee will NOT get the fee. This only applies to transactions created after that point.
When creating the expense transaction, there is also the ability to turn off the fee on a per-transaction basis. This only applies if a fee has been set on the expense group. If the expense group has no fee% set, then there is no option to record an automatic fee. If a fee% has been set, then on a per transaction basis it can be either applied or not. All existing transactions prior to upgrade will not have the fee applied.
These extra fees will automatically appear in the Extra Fees list screen just as if they had been created manually. However you will not be able to edit the extra fee entry, other than by editing the corresponding expense transaction. They will also appear on the standard owner transaction summary report.
In addition to this change, the Extra Fees list screen has had an additional Description column added, which makes reading the list at a glance a bit easier.
- February 2015
- July 2014
- March 2014
- December 2013
- September 2013
- April 2013
- March 2013
- February 2013
- December 2012
- September 2012
- July 2012
- May 2012
- March 2012
- February 2012
- January 2012
- December 2011
- October 2011
- September 2011
- August 2011
- July 2011
- June 2011
- May 2011
- April 2011
- March 2011
- February 2011
- January 2011
- December 2010
- November 2010
- September 2010
- July 2010
- June 2010
- May 2010
- April 2010
- March 2010
- February 2010
- January 2010
- December 2009
- November 2009
- October 2009
- September 2009
- August 2009
- July 2009
- June 2009
- May 2009
- April 2009
- March 2009
- February 2009
- January 2009
- December 2008
- November 2008
- October 2008
- September 2008
- August 2008
- July 2008
- June 2008
- May 2008
- April 2008
- March 2008
- February 2008
- January 2008
- December 2007