AppFolio user question:
How do I override the automatic late fee and create an on demand association late fee for the bulk of past due in AppFolio?
APM Help answer:
Your late fee settings need to be adjusted. You have two options:
1. You can disable automatic late fees by going to your name in the upper right corner > General Settings > Manage Accounting Settings > scroll down to your late fee settings and change the time of posting to Never, I will post manually > Save. This will affect all properties, and cannot be done on a property-by-property basis.
2. If you aren't already, I would recommend charging your Association Dues to a separate account from your main Rent Income account, and make sure that the account is subject to Late Fees by going to Accounting > GL Accounts > select the account > Check the setting if it's not already.
Then on the Association Page/Property page, you can set the Late Fee settings on a property level and have them apply to all outstanding, unpaid charges. They will still post automatically, but they will post based on the whole balance rather than just recurring charges.
Want more answers to questions like this? Join our Facebook group where Property Managers ask questions and we give answers!
Consulting with AppFolio, Buildium, Propertyware, & Rent Manager experts to answer any and all software related questions in less than an hour. No long-term contracts and easy to get started.lEARN MORE
Bookkeeping services provided by expert accountants for AppFolio, Buildium, Propertyware, & Rent Manager. For less than the cost of a full-time bookkeeper you can have a whole team of experts.lEARN MORE
Let us take care of your corporate payables, receivables, reporting, and payroll with Quickbooks and Gusto. With us you can focus less on accounting and more on growth!lEARN MORE
Get your bank reconciliations done every single day! Keep your books accurate by making sure that everything is accounted for. Available for AppFolio, Buildium, Propertyware, & Rent Manager.lEARN MORE
Curious just how clean your books are? Find out with Triple Tied Out! It's our daily auditing service that checks your bank recs, liabilities, and property balances. For AppFolio, Buildium, & Propertyware.lEARN MORE
We typically respond in under 10 minutes!Get Started Today