This screen allows you to:
Post recurring fees to units.
Before you begin:
Choose the Post Recurring Fees option from the Accounting Menu.
All recurring fees are posted using this option. A recurring fee is a charge to the owners account for items that occur on a regularly scheduled basis, such as monthly management fees.
This option is normally used once a month to generate the recurring charges prior to printing owner statements.
Do not use this option twice for the same time period. The system will generate the recurring fee transactions every time this option is used. This would result in a double charge. For example, if, using this option, you posted recurring fees for March and then realized a new unit had not been assigned recurring fees, you should manually post that unit’s fees for the month of March. DO NOT repost the month of March in order to post the one unit’s charges, all recurring fees for all units would be posted again!
Recurring fees are established using the Recurring Fees File option on the Files Menu and are then assigned to units using the Unit File option on the Files Menu. Refer to these sections for further information on establishing your recurring fee charges.
Prompt descriptions...
Enter first date to post:
Enter the first date for the posting period. This is normally the first date of the month for owner statements.
Enter last date to post:
Enter the last date for the posting period. This is normally the last date of the month for owner statements.
[Continue] or [Exit]:
Click on [Continue] or <Enter> to post the charges. The system will select the units and generate the charges based on the recurring fees assigned the unit.
Click [Exit] to return to the main Accounting Menu.