If I enable online payments, do I need to run monthly posting?
If you enable online payments, you need to make sure that you run monthly posting before the 1st. The easiest way to do this is to set up an automatic task for monthly posting.
Owners typically set up recurring payments for the 1st of the month. The automatic task that pulls recurring payments runs once daily, early in the morning. If monthly posting has not yet been run for a property, the task will skip that property. In this case, the owners will have to make a one-time payment for the month's rent.
Best Practices for Online Payments
Turn on the task for automatic monthly posting. The task creates the charges before the end of the month, but the charges are dated on the 1st and are due on the 1st.
Turn on the task for automatic close month.
This way the charges post, the month closes to ensure the receipts are posted into the proper period, and then the receipts come in seamlessly.