The first step is to diagnose the issue as either negative or positive additional fees.
You can only pay management fees once the rent has been received. The system will not calculate percentages before income has been paid on the property
Once the charge is posted, make sure that the tenant payment is applied to the clearing charge.
If you are referring to uncollected NSF Fees from the tenants, then you would be able to collect those by running Pay Management Fees under Accounting > Payables. Be sure to run it as of "End of Last Month" and then as of "Today". Once you run that function and pay those bills, go to the Accounting > Diagnostics page.
Ideal bookkeeping is good judgment and intelligent organization within the bounds of regulation. While consolidation is often the key to organization, in some cases modest additional detail, or extension of a process can drastically improve property bookkeeping processes. Sensible choices when setting up the company banking and chart of accounts will put the books on track for smooth upkeep and painless auditing, internal or third party, but not all best practices are applied through the bookkeeping itself.
Does your bookkeeper have Bookkeeper/Accounting Experience? Does your bookkeeper have Trust Compliance experience? Does your bookkeeper have Property Management Software Experience?
The end of the eviction moratorium may still not mean everything for property managers is completely back to the status quo
The future of the rental property management industry is going to see exponential dependence on technology and SaaS (software as a service) because this will be the most efficient and secure way to do business
We walk you through exactly how to pay the management company uncleared money