video1.0<iframe src="https://www.loom.com/embed/992b0377ec194b02b2b21ee490ece255" frameborder="0" width="1568" height="1176" webkitallowfullscreen mozallowfullscreen allowfullscreen></iframe>11761568Loomhttps://www.loom.com11761568https://cdn.loom.com/sessions/thumbnails/992b0377ec194b02b2b21ee490ece255-5bc68ccd3a254602.gif248.569In this video, I explain the importance of fee types in our member billing and accounting system. Fee types categorize our products and are crucial for accurate financial reporting, with common examples including initiation fees, membership fees, and guest fees. I highlight that the membership fee is unique in automatically marking accounts as paid, and that proper configuration of fee types is essential to avoid billing issues. I urge you to ensure every product has a selected fee type to maintain smooth operations and accurate revenue tracking. Your attention to this detail will greatly benefit our financial reporting.