How to Add Rental Late Charge to Tenants account?

BRETTB
BRETTB Member ✭✭✭✭
Have Quicken Home Business Rental (latest version).
I have the payment terms added where rent due on 1st and late if not paid by 5th.
Anyways, it does not appear to add late charges automatically. 
WHERE and HOW do I add a late charge so I can send a reminder to tenant of what is due?
Tagged:

Answers

  • Frankx
    Frankx SuperUser ✭✭✭✭✭
    Hi @BRETTB,

    Quicken allows you to record late payment charges for tenants once you collect them, but it doesn't have a feature that allows you to send a reminder to a tenant about an overdue rental fee in advance of actually collecting the rent and the fee.

    I suggest that you use an email message as notification of the overdue rental fee and that you record it when you actually receive it.  If you have any followup questions, or have difficulty with the recording of the fee when you receive it, get back to me.

    Frankx

                            Quicken Home, Business & Rental Property - Windows 10-Home Version

                                             - - - - Quicken User since 1984 - - - 
      -  If you find this reply helpful, please click "Helpful" (below), so others will know! Thank you.  -

This discussion has been closed.