You can automate your billing process by setting up recurring bills.
Here is how to enter a recurring bill into Managed.
Step 1
Select the property from the search base, then click Add a Bill
Step 2
Enter the Title, Description & Due Date and Action Date if required
Step 3
Tick the Recurring Bill function. This will prompt you to select a chosen frequency and end date for the task.
1. Choose the Frequency: Select how often the bill should be created.
Weekly: Set the bill to recur on a specific week basis.
Monthly: Set the bill to recur on a specific month basis.
2. Set the End Date: Decide when the recurring bill should stop.
No End Date: The bill will continue to recur at the chosen frequency until the property is archived.
Specific Instance: The bill will recur until a specific instance, such as after a certain number of occurrences (e.g., a monthly bill ending after 2 months).
Specific Date: The bill will recur until a specified date.
Lease End Date: The bill will recur until the lease ends.
Step 4
Enter the tax category, who is paying the funds, who is receiving the funds, the amount, payment reference and any relevant documents.
Remember to add the payor (the person or user paying the bill) as a follower.
The payee can be the owner, the tenant, a tradie, another creditor (service provider) or any biller that accepts BPAY.
Step 5
Click Save.
Check the details on the summary screen before clicking Schedule to finalise and queue the invoice for payment. This will also notify any followers that the bill has been created.
The system will now automatically recreate the bill for you on your chosen frequency 🙌