Community: The system will pre-fill this field with the household's current community.
Apt. Nbr: The system will pre-fill this field with the household's current apartment number.
Accrual Start Date: Enter the start date for the period of time that interest is to be accrued for. The system will pre-fill this field with the day after the last accrual period or the date of the first interest-earning deposit.
Accrual End Date: Enter the ending date for the period of time that interest is to be accrued for. This will also be the effective date of the event that is created from this task.
Method: Select whether to "Compute interest based on interest rate and average deposit" or "Manually add interest".
If Method is to Compute: Enter the Interest Rate as a Percentage.
The Average Deposit balance is displayed with a field to enter the Interest Rate.
After entering the Interest Rate and tabbing out of the Interest Rate field, the calculated interest will be displayed.
If Method is set to Enter Manually: Enter the amount of interest you want to credit the tenant. The calculation of the amount will need to be done outside the Property Manager system.
Note: You may enter a note of explanation. This field is optional.
When Property Manager calculates the interest for you, select to append the individual interest calculation detail to the note. In this way, a user can look at an event in Event History and see how the interest was calculated.
Click the Save and Add Another link to add more interest on deposit(s).
This gives you the ability to add interest for one accrual period at one Interest Rate, and then add another for interest calculated at a different Interest Rate.
You will be brought to the next tab in the wizard Add New Receivables