Over Due Rent
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Ahmed
Member ✭✭
I searched previous posts but didn't run into the answer. I am sure this was asked before. What's the most efficient way to handle overdue rent with past due fees?
Example: Rent is received late on the 13th of the month which has accumulated $40 of late fees. Where do I log the $40 for it to be added to next months rent reminder?
Do I just adjust the next month instance reminder or is there any other way?
Maybe creating an account for late fees an assign each entry to different tenants using tags etc? I am just not sure what to do!
Example: Rent is received late on the 13th of the month which has accumulated $40 of late fees. Where do I log the $40 for it to be added to next months rent reminder?
Do I just adjust the next month instance reminder or is there any other way?
Maybe creating an account for late fees an assign each entry to different tenants using tags etc? I am just not sure what to do!
0
Answers
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You may want to try a split transaction after creating a category Rental Income Late Fees. [Property A: Rental Income and Property A: Rental Income Late Fees]0
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