Revising Maintenance Fees

 

Screen Navigation: Agreements - Maintenance Fee Revision

 

This feature allows you to conveniently conduct all your maintenance fees revisions for the following year on one page.

Once a revision is approved, you can close the revision and the new maintenance fees will be displayed in the agreement beginning 1st of January the following year.

 

The listing on this page displays all the current maintenance fees as stated in agreements, so after the revision takes effect, the new fees will be displayed in the listing replacing the old one.

Similarly, the new fees will also replace the old ones in the Latest Maintenance Fees page.

 

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Revise Maintenance Fees

To update the maintenance fees:

 

1. From the Maintenance Fee Revision listing page, find the maintenance fees you would like to update.

 

2. Scroll the table to the right to reveal more columns.

 

3. Click the Adjust Percent column and insert the percentage in which the maintenance fees will be increased. Press Enter.

 

The Revised Amount will automatically be calculated and displayed.

 

 

 

4. Click the Status column to update the status of the revision, and insert any additional comments in the Remarks column.

 

5. As you make changes, a red arrow will appear at the top left of the field indicating that there are changes that have not been saved.

 

 

 

6. Click Save changes above the table to confirm.

 

7. Once all the revisions have been approved, click Close Revision to apply the revisions to the maintenance fees. The new fees will take effect from 1st of January the following year.

 

 

 

Note: You can only click Close Revision once a year, so please double-check that all revisions are correct before you close.

 

 

 

 

Batch Update Maintenance Fees

To update multiple maintenance fees at the same time:

 

1. From the Maintenance Fee Revision listing page, select the check boxes of maintenance fees which you would like to update.

 

2. Then insert the percentage in which the maintenance fees will be increased and/or the status of the revision.

 

 

 

3. Click Update. The Adjust Percent, Revised Amount and Status will be updated in the respective columns in the listing.

 

 

 

 

4. Once all the revisions have been approved, click Close Revision to apply the revisions to the maintenance fees. The new fees will take effect from 1st of January the following year.

 

 

 

Note: You can only click Close Revision once a year, so please double-check that all revisions are correct before you close.

 

 

 

 

What would you like to do?