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Wisenet

      How To Set Up Fee Types

      Wisenet Fee Types provide a standardised way to organise and control finance data. Assign a Fee Type to each of your Finance Items to apply General Ledger (GL) account codes and tax rates to each Finance Item.

      Required LRM Access: Owner

      1

      Add a Fee Type

      1. Navigate to LRM > Finance > Settings > Fee Types
      2. Click Add Fee Types.
      3. Enter a Name
      4. Select a Tax Rate
      5. Enter an Account Code and Account Description (for Journal Reporting)
      6. Enter a Contra Account Code and Contra Account Description
      7. Activate/Deactivate the Fee Type using the toggle.
      8. (Optional) click Add Another Fee Type to add another at the same time
      9. Click Save.

      Note: The Fee Type Name, Account Code, and Account Description don’t appear on quotes or invoices, but the Tax Rate does.

      2

      View a Fee Type

      1. Click on the Fee Type Name
      2. Fields are non-editable in view mode.

      3

      Edit a Fee Type

      1. Click on the Edit button under the Action
      2. Edit one or more fields:
        • Name
        • Tax Rate
        • Account Code
        • Account Description
        • Active yes/no
      3. Click Save

      Next Step

      Finance Item Dropdowns Settings