Periodic Processing Overview

There are many actions that most agencies perform on a regular basis in the Tenant Accounts Receivable program. You will typically accept and process payments on a daily basis. You will also deposit payments and generate late fees on a regular basis, usually daily. Each month you will generate monthly transactions for the upcoming month and print customer statements and/or bills. You will also close receivables months after you finalize their transactions. Tenant Accounts Receivable contains a set of processing wizards to help you perform many of these actions.

Daily Processes

In order to accept and process payments, you will maintain your cash drawers each day. You also deposit payments and generate late fees on a regular basis, usually daily.

You can perform these tasks in the Periodic Processing area of the program, on the Daily Processing tab.

Opening Cash Drawers

Balancing Cash Drawers

Making Deposits

Processing EPFs

Generating Late Fees

Posting to GL

Monthly Processes

You can perform the following monthly tasks in the Periodic Processing area of the program, on the Monthly Processing tab.

You must generate monthly transactions for a given month before you print statements and/or bills for that month.

Generating Monthly Transactions

Gathering Recurring Payments

Generating URP Refunds

Generating Direct Debit (ACH)

Generating and Exporting Statements

Generating Bills

Generating Late Notices

Applying Interest to Accounts

Closing a Receivables Month

Related Processes

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