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Recurring Charges

How to manage recurring charges on a ledger

Elliot Palmer avatar
Written by Elliot Palmer
Updated over 5 months ago

Charges in Street

There are two types of charges in Street: One off charges (simply referred to as Charges) and Recurring Charges.

Adding either charge to a ledger will create a debit on that ledger and reduce the balance accordingly.

This article explains how to create recurring charges. For one off charges, see this help article.

Adding a recurring charge

Recurring charges are charges that will continually charge on a regular basis and would most typically be used to setup a recurring rent charge for a tenancy however you can add recurring charges on any of the following ledgers: tenancy, owner, contractor. It is not possible to add a recurring charge lettings application or agency ledgers.

To add a recurring charge, head to the relevant ledger and click actions > recurring charge.

It's important to select who the charge will be payable to. For example, a recurring rent charge would be payable to the owner. Enter the relevant details including the type, amount, frequency, start & end date and charge description.

Note - Recurring charges will not backdate and will only begin adding new charges from the next date in the schedule. If you add a recurring charge to begin from today's date, this will automatically generate.

When finished, click 'save charge'. The recurring charge is now setup.

Important note - You do not need to manually add any management fees as recurring charges on an owner ledger. Management fees are automatically applied to any rent income on an owner ledger, brought over from when a rent charge on a tenancy ledger is allocated to.

Viewing a recurring charge

To view any existing recurring charges, head to the relevant ledger and click view > recurring charges.

Generating, editing or deleting a recurring charge

When viewing recurring charges, click the three dots on the right of the charge and you will see additional options.

Generating next charge allows you to force the next charge to generate on the ledger, even if it's due in more than 7 days.

Edit allows you to edit the details of the recurring charge, including the amount, description and end date.

Delete allows you to delete the recurring charge altogether. This will not affect any charges that have already generated from that recurring charge.

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