I will walk you through the process of creating a Management Fee Invoice. Management fees can be generated automatically or manually. In this video, we’ll cover both methods! Let’s get started.
1. Click on “Management Fee Settings
2. Navigate to the Monthly Cycle section
3. Choose a property from the dropdown
4. You can set the specific day of the month here, and the management fee invoice will be automatically generated on the same day every month
5. To manually create a management fee invoice, click on the Accounting dropdown under Accounting & Reports, then select Owner Payout
6. Now, click on the dropdown beside the Action button at the top and select Search Management Fee or Payout. This option is for creating a management fee invoice for a single property
7. “– Select Property –” from the dropdown
8. Select a date range from the Period dropdown
9. Click on the Generate Management Fee Invoice button, and the invoice will be created
10. To create a management fee invoice in Bulk, go to Owner Payout from the Accounting dropdown. Once again, click on the dropdown beside the Action button and select Bulk Create or Recreate
11. Then Select a Portfolio from the dropdown
12. From the Select Properties dropdown, select all
13. Select the Payout Cycle Start Month by clicking on it
14. Finally hit the search button from here
15. Tick mark the box beside the Cycle Start heading to select all the items below
16. Now, click on the Delete/Generate Payout button. If there are existing payout invoices, you will see Delete/Generate Payout. If no previous invoice exists, you will only see the Generate option here
17. To view the management fee invoice, simply click on Invoice under the Accounting dropdown from the left-side navigation
18. It’ll redirect to the Invoice List View page. Simply click on the sort icon on the “Type” column header
19. Tick mark the Management option
20. Apply the filter
21. Now, only the management fee invoices appeared in this view
We’ve covered everything needed to create management fee invoices in this video. You can also watch “How to Configure Management Fee Settings” or move on to the next video in the queue. Thanks for watching