Will late charges retroactively assess fees when setting up late charges for the first time in Property Management?
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Resolution

For late charges to retroactively assess late fees, you must meet the following conditions:

  • The charges would have to be marked Subject to Late.
  • If the charges are paid, Process Paid Late Items would have to be marked and the charges paid late.

If the Generate Late Charges Trial Run journal shows charges are going to be created for retroactive amounts and you do not want these charges, refer to the article How can I run late charges in Property Management without creating charges for prior months?

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Property Management Late Charges