What is the timeline for Monthly Member Invoices in Yardi

1st of the month - 

Yardi automatically debits full outstanding balance from Accounts. 

Every member is automatically enrolled in autopay unless they turn this off when submitting banking details. No action required.

If autopay fails, it will try to initiate payment on the third and fifth of the month.  Late fees automatically applied on the 10th of the month, which is a 10% fee for any outstanding balance.  This late fee will apply to the next month's invoice.

18th of the month - 

Yardi batches all charges and creates invoice PDFs [Automated - No Action Required] 

Karina sends out these draft invoices for final review by GMs & Managers

Any additional ad-hoc charges added to Yardi once Bill Run is approved will be added to following month's invoice. 

18th - 21st of the month - 

Final approvals or changes/updates [GMs & Managers] - The earlier you can approve or request changes the better!!!

22nd of the month - 

Invoices are automatically sent to members [Automated - No Action Required].  All building emails are CCed on any invoices posted.

Please note:  If you have a need to generate an invoice that does not follow this timeline (ie: a member wants a separate invoice for an ad hoc charge you added to their account) please create an Yardi Invoicing > Invoice Ad hoc Charge ticket at help.yourstudio.com