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Late Fees

Overview

This article will take you through the setup and use of Late Fees in RMS.

Feature

This feature allows you to manually bulk charge or automatically charge a late fee to those long term reservations who have not yet paid their rent.

 

 

Creating a Late FeeLateFee.jpg

From any screen in RMS9

Choose Setup from the Navigation bar

Choose Accounting from the list

Choose Late Fees from the sub list

Select Add

 

Enter a Description for the Late Fee.

Using the drop down field provided select the G/L Acc Code you wish to report the Late Fee against.

Apply Initial Late Fee - Select the option you wish to use and enter the number of days into the corresponding field.

Amount to Apply - Select the option you wish to use and enter either the percentage or the flat fee.

Recurring - is an optional field.  A number of days should be entered only if you wish the Late Fee to re-occur in the event that the rental has still not been paid with the days set.

Once all information is entered choose Save/Exit.

Linking Late Fees to Rental Charges

From any screen in RMS9

Choose Setup from the Navigation bar

Choose Accounting from the list

Choose Sundries from the sub list

Edit the rental sundry charge that you wish to attach a Late Fee to.

In the Late Fee field using the drop down arrow, select the Late Fee you wish to apply

Choose Save/Exit.

LateFeeSundry.jpg

Automatically Generating Late Fees

From any screen in RMS9

Choose Setup from the Navigation bar

Choose Property Options from the list

Choose General Information from the sub list

If you wish the Late Fees to be automatically charged on Startup of RMS each morning you will need to tick the option shown below named 'Process Late Fee on Startup'

Then choose Save/Exit.

LateFeeonStartUp.jpg

Manually Bulk Charging Late Fees

Coming soon to RMS9!

Related

Rental Sundries
Rental Sundries are used to charge repeating rental charges to a long term guests account.



 

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Last modified
09:18, 17 Oct 2013

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