Rent, Subsidy and other non-certified scheduled items bill as part of the nightly cycle on the last night of the month for following month. For example, April 1st's billing occurs the night of March 31.
Order of events:
If set to run, Negative Rent Receivable Open Items are re-classed to Unapplied Payments
Rent, Subsidy and other non-certified schedules are billed.
Subsidy billing is generally set to bill well in advance of the related month end. This allows you to build a HAP Request, for example, in a timely manner.
Rent Concessions that billed in Item 2 are then applied.
Unapplied Payments and Prepaid balances are then applied.
Unapplied Payments will be applied to Rent open items first (oldest to newest)
Any left over Unapplied Payments will then be applied to other open items from non-certified scheduled items created from the Scheduled Miscellaneous charge type (oldest to newest)
If set to run, Utility Reimbursements will be automatically refunded.