How to add or build a custom collection frequency including legal quarter and termly collections

Created by RevQore Support, Modified on Tue, 26 Mar 2024 at 12:05 PM by Ella Kitching

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

Import a frequency Arthur has defined such as legal quarter
Create your own frequency

When adding a tenancy please note that Page 2 of add tenancy screen defines contract rent i.e what the contract defines and is not related to how you collect. Page 3 defines how much rent is collected and how often. Applying a frequency custom or regular simply defines how much the amount is to be multiplied by.

Build or import a custom frequency

To set up a bespoke frequency go to preferences >>financial> custom frequencies

Import a frequency Import a pre-created frequency such as English legal quarter (For Scottish quarter days use normal quarter and adjust the dates)

Add a custom frequency

Choose Calendar months then add the rents.

The multiplier takes the rent (daily, weekly, monthly) and multiplies it for that collection £Rent amount * Frequency = £Total rent amount due for that period For example, if you collect rent 3 times a year based on multiple weekly rent. So for example, if the rent is £15,000 annually then the weekly amount is £288.46.