How to Update Management Fee?

    • Tanvir Mahedi |
    • 0 step |
    • 2 minutes
    Tip- What if I need to update the management fee? Can I do that inside the portal? The answer is 'YES' . If the invoice has been paid, they you can not update the management fee
    Log into the Admin Portal
    Go to the "Accounting" dropdown under "Accounting & Reports" on the left navigation
    Click on "Invoice" under "Inflow" dropdown
    Choose the Invoice that has not been paid under "Status" column. The invoice should be approved or overdue
    Click on "View Details" option under "Action" column
    Click on "More Action" of the Invoice
    Tip- In this example, the management fee amount to $200 & we want to give $100 discount to the owner. Type in $100, select the tax & submit
    Click on "Update Amount"
    Type the new invoice amount under the "New Invoice Amount (without tax)" field.
    Select tax percentage from this dropdown.
    Click on "Submit" to finish up
    Once you scroll down , you will see the management fee has been updated from $200 to $100.
    Alert- You can also use this function to give a discount if you want to apply for a discount. In most cases, you would have to refresh the amount due to match the report data
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