This does transfer the late fee balance to the rent GL however this does not increase the rent income in the owners statement like how reapplying the whole receipt to the rent income charge would do.
Thank you for your comment and great catch! You're right-if caught early a simple reversal of the charge and reapplication of the receipt will do the trick. However, we aim to help users, especially those with less experience, get started with AppFolio. By following the outlined steps, users can ensure the history of the mischarged late fee is accurately tracked, even if they only notice the error after some time. This approach is particularly useful for Property Managers who may not realize the mistake for a few weeks but still want to maintain the historical data.
This does transfer the late fee balance to the rent GL however this does not increase the rent income in the owners statement like how reapplying the whole receipt to the rent income charge would do.
Thank you for your comment and great catch!
You're right-if caught early a simple reversal of the charge and reapplication of the receipt will do the trick. However, we aim to help users, especially those with less experience, get started with AppFolio. By following the outlined steps, users can ensure the history of the mischarged late fee is accurately tracked, even if they only notice the error after some time. This approach is particularly useful for Property Managers who may not realize the mistake for a few weeks but still want to maintain the historical data.