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How to create a bespoke rent collection frequency

Arthur allows a custom rent collection frequency to be set up outside of normal frequencies used in the industry.

£Rent amount * Frequency =  £Total rent amount

 

 

 

Step 1

To set up a bespoke frequency go to Financials > Custom Frequencies:

 

Step 2

Select Add Custom Frequency:

Choose either:

  • calendar months – used when building legal quarters and student collection
  • recurring start datesto be avoided and only used in special circumstances. Call the office for more help 

 

Step 3

Choose Calendar months

“For Legal Quarter Collection Frequency, add month and Multiplier of the rent amount”

The traditional English quarter days are March 25, June 24, September 29 and December 25. In Scotland, the traditional quarter days or term days are 28 February, 28 May, 28 August, 28 November. The modern quarter days: 1 January, 1 April, 1 July, 1 October.

 

 

 

 

 

 

 

 

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