Fees
These are fees that are being billed to the Owner, specifically Management Fees. For this reason, a revenue account was selected instead of an expense account.
Billing Type
The AP Batch posting screen has recently been updated to allow the retrieval of prior financial period detail lines. This would allow the Service Type setting to be Billing Type “forward”. We recommend using the “forward” Billing Type as it allows the user more control retrieving and posting. If set to Arrears, amounts due to owners will be retrieved into the AP Batch posting screen for the prior financial period and posted in the current period; this could create skewed P&L by unit reporting.
Category
Select “Owner”
