See Also ProRated Rent First Months Rent
How to PDF document #233
Setting up a new Tenant Profile establishes a tenant ledger to which transactions can be posted. The process of moving in a tenant involves assigning a Unit Profile and setting the Next Scheduled Date in the Tenant Profile to the date you want to start charging rent.
A tenant may be added prior to moving in (becoming the current tenant). In this case the tenant Status should be set to Future and the Next Scheduled Date for rent under Rent Summary information in the Tenant Profile should be set to the date when you want Scheduled Receivables to start charging rent. Even if this is not done, you can post charges and process payments while the tenant status is Future.
Note: When the initial rent charge is posted using Scheduled Receivables the tenant Status will be changed from Future to Current.
If the new tenant is moving in to a vacant unit or you are adding a new unit that is already leased then set the tenant Status to Current. The Next Scheduled Date for rent should be set to the date when you want Scheduled Charges to start charging rent.
Charging Rent - the Next Scheduled Date
The Next Scheduled Date, along with the Schedule, is used to determine if rent will be charaged during Scheduled Charges, Rents. If the Next Scheduled Date is prior to the selected Scheduled Thru date on the Scheduled Charges screen, a charge will be posted.
As many charges will be posted as are due through the Scheduled Through date, i.e. if the Next Scheduled is April 1 (and Schedule is Monthly) and a Scheduled Through of May 30 is selected, two charges will be posted - one for April 1 and one for May 1. The Next Scheduled Date would be updated to June 1 after the posting.
Example
Before Next Scheduled Date August 1
Schedule Monthly
Rent $650
Posting Parameter
Scheduled Thru August 15
After Next Scheduled Date Sept. 1
Schedule Monthly
Rent $650
Result Tenant charge posted for $650
dated August 1
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