Charging Commission on Invoices
Charging Commission on Invoices Commission can be charged on Tenant Invoices not only for Commercial purposes, such as recoverable Outgoings, but also for Residential Purposes. To set a Global Commission percentage across your database, select Tools then Options
Select the Default Tab Under the Commissions heading, you can set your Rent, Maintenance, Outgoings and Sale Commission. What is entered here will then prepopulate in your Property file.
Invoice Commission is based on the Rent percentage. When choosing your Rent Commission, you will need to take into account the Management Fees, then add the Invoice Fees. For example, you may charge 5% for management fees, then 2% for your Invoice Fees. This would mean you need to enter 7% in your Rent Commissions field. In this example, we will be charging 7% Alternatively, the Rent Commission will be based on the amount on the individual file
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First, create the invoice. Right Click on the Tenant and choose New Invoice for Tenant
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Enter the Invoice details, then select New
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Enter the Invoice From details. Only Owners can be charged Commission on Invoices. If the creditor is paid directly then you won’t be able to add the Commission Type. From the Commission Type drop down, Select Rent.
Click OK Once Paid and disbursed to the Owner, Commission will then be charged on this invoice. For this example, the Rent Commission is 7% It will appear on the Owners Statement as Management Fee, as per below
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Select the Default Tab Under the Commissions heading, you can set your Rent, Maintenance, Outgoings and Sale Commission. What is entered here will then prepopulate in your Property file.
Invoice Commission is based on the Rent percentage. When choosing your Rent Commission, you will need to take into account the Management Fees, then add the Invoice Fees. For example, you may charge 5% for management fees, then 2% for your Invoice Fees. This would mean you need to enter 7% in your Rent Commissions field. In this example, we will be charging 7% Alternatively, the Rent Commission will be based on the amount on the individual file
2
First, create the invoice. Right Click on the Tenant and choose New Invoice for Tenant
3
Enter the Invoice details, then select New
4
Enter the Invoice From details. Only Owners can be charged Commission on Invoices. If the creditor is paid directly then you won’t be able to add the Commission Type. From the Commission Type drop down, Select Rent.
Click OK Once Paid and disbursed to the Owner, Commission will then be charged on this invoice. For this example, the Rent Commission is 7% It will appear on the Owners Statement as Management Fee, as per below
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