Applying Late Fees

This action will apply Late Fees to the selected Property Ledger(s) as a Pending Receivable item.

How to apply Late Fees

Late Fee Processing

In the Tree View:

  1. Expand ACCT Receivable
  2. Select Late Fees from the Drop-down list
  3. Checkmark the resident(s) to apply a Late Fee to, *or simply checkmark Check All
  4. To email a notice to the resident, Checkmark Email to Resident Notification With Late Fee Apply
  5. Then, click APPLY LATE FEE

Note:

**You will notice that each of the Residents are color coded as denoted by the status legend

  1. Yellow indicates that Rent has not posted in a Month
  2. Orange indicates that Rent has not posted in 2 Months
  3. Red indicates that Rent has not posted in 3 months
  4. With Pink showing that a Partial Payment was received

Click Here to learn How to Setup Late Fees in m1Solutions