Propertyware Knowledge Base

To ensure rent income is recorded in the month that it is being charged, you will need to configure Post Auto Charges and Auto Apply Prepayments to Rent in one of the following ways:

Option 1:  Set Post Auto Charges to "0."  Propertyware will post auto charges to tenant ledgers on the first day of the month.  In addition, if you have Auto Apply Prepayments to Rent set to “Yes,” prepayments will automatically apply in the current month. 

Note:  With this option, auto charges will not post to tenant ledgers prior to the month in which they are being charged.

Option 2:   Set Post Auto Charges to any number of days prior to the first of the month that works for your company (but do NOT choose "0") and set Auto Apply Prepayments to Rent to "No". 

Note:  With this option, auto charges will post to tenant ledgers prior to the first of the month but prepayments will not automatically apply to rent charges.  You will need to manually apply any prepayments.