====== Recurring Fee Types ======

When you create a Recurring Fee Type, you can specify certain criteria that will apply to the consignor’s account Recurring Fee Cycle. This is important to create because it will determine when and how much a consignor should be charge a Recurring Fee, and it is also needed when creating a Recurring Fee Widget. See [[widgets:addingawidget|Adding A Widget]] and [[widgets:recurringfees:recurringfeeoverview|Recurring Fees Overview]] for more details.

===== How To Create A Recurring Fee Type =====

  - In Liberty, click on **Setup** > **Maintain** > **Recurring Fee Types**. \\ {{libertyreact:lib:newitem1097.png|NewItem1097.png}} \\ The **Recurring Fee Types** dialog  box appears. \\ {{libertyreact:lib:newitem1096.png|NewItem1096.png}}
  - Select the **Add** button. \\ {{libertyreact:lib:newitem1095.png|NewItem1095.png}} \\ The **Maintain Recurring Fee Types** dialog  box will open. \\ {{libertyreact:lib:newitem1094.png|NewItem1094.png}}
    * **Description** : Enter a description for the fee.
    * **Transaction Type** : This is the type of transaction that will be posted on consignors account. The transaction will always be a deduction transaction, but you can specify if it’s a payable transaction and set a Quickbooks **G/L Account**. Click the dropdown box and select the **Transaction Type** you want to use. \\ To create a new **Transaction Type**, See Creating A New **Transaction Type** Below.
    * **Amount** : Enter in the amount that will be deducted.
    * **Fee Frequency** : Click the drop down and choose the frequency in which the fee will be applied.
        * Daily
        * Weekly
        * Bi-Weekly
        * Monthly
        * Quarterly
        * Semi-Annually
        * Annually
    * **Active (Check Box**) : Uncheck the **Active** Check Box if you wish to make the fee frequency inactive.
  - Click **OK** to complete creating the **Recurring Fee Type**. \\ {{libertyreact:lib:newitem1093.png|NewItem1093.png}}
  - Select the **OK** button to close the Recurring Fees Types dialog box. \\ {{libertyreact:lib:newitem1092.png|NewItem1092.png}}

See Associating A **Recurring Fee Type** with An Account and Adding A Widget for more details on creating a **Recurring Fee Widget**.

===== Creating A New Transaction Type =====

  - From the **Maintain Recurring Fee Types** dialog box, select the Navigation button. \\ {{libertyreact:lib:newitem1091.png|NewItem1091.png}} \\ The **Recurring Fee Transaction Types** dialog box opens. \\ {{libertyreact:lib:newitem1090.png|NewItem1090.png}}
  - Click the **Add** button or the Edit button to open the details of the fee. \\ {{libertyreact:lib:newitem1089.png|NewItem1089.png}} \\ The **Maintain** **Transaction Type** dialog box opens. \\ {{libertyreact:lib:newitem1088.png|NewItem1088.png}}
    * **Description** : Enter the name of the **Transaction Type**
    * **G/L Account Type** : If using Quickbooks, this will be the account type this transaction will be going to.
    * **G/L Account** : This is the name of the G/L account this transaction will go to in Quickbooks.
    * **Payable** : If checked, this will be posted as a payable transaction and deducted from the consignors payable amount; otherwise it will be posted as a non-payable transaction and deducted from a consignors store credit amount.
    * **Active** : Makes the widget active or inactive.
    * **Amount** : The amount of the fee/deduction.
    * **Fee Frequency** : Specifies how often this transaction should happen (i.e 30 days, 90 days, Yearly).
  - Select the **OK** button when done. \\ {{libertyreact:lib:newitem1087.png|NewItem1087.png}}
  - Select the **OK** button to close out of the Recurring fee Transaction Types dialog box. \\ {{libertyreact:lib:newitem1086.png|NewItem1086.png}}
==== Next Article In Section ====

Click the following link to move to the next article in this section: \\ [[:setup:maintainmenu:remindertypes|Reminder Types]]

==== Related Topics ====

[[setup:maintainmenu:recurringfeetypes]]
[[widgets:addingawidget]]
[[widgets:recurringfees:assocrecurringfees]]
[[widgets:recurringfees:recurringfeeoverview]]
[[setup:maintainmenu:charities]]
[[setup:maintainmenu:clientuserfields]]
[[setup:maintainmenu:feefreq]]
[[setup:maintainmenu:filtercodes]]
[[setup:maintainmenu:groupdeductions]]
[[setup:maintainmenu:itemdispositions]]
[[setup:maintainmenu:itemuserfields]]