Easy Rent Posting
Click the Ledger button and call up year-to-date income and expense transactions by Owner, Property, Unit, or Tenant. Owner Accounting is neatly sub-divided among Owner, Property, and Unit Ledgers, plus each Tenant has a separate ledger.
Charging Rent or Posting Rent Income is easy in the Tenant File. Here are the screens you will see:
One of the main tasks is charging rent and posting rent income from your tenants. The Tenant File makes that very easy. Charging rent can be accomplished in a single click of the mouse. If you want to post only to specific due dates, that is easy to do from the same screen. If you want the program to charge rents automatically for you, just click the check box at the bottom of the screen.
Posting Rent Income is just as easy! It just takes seconds to post hundreds of rents, management fees, and late charges. You are able to post rent income to a large number of tenants at once using 'All Tenants' under Step 1, or you can use this screen to post only a few rents at a time using the 'Selected Tenants' option. Or you can limit the posting to a specific due date. The option under Step 2 allows you to charge a management fee automatically for each rent that is posted. Step 3 gives you the ability to create a bank deposit for all rents posted, and optionally to create a check to your company for the management fees charged to the owner.
Now, just choose which Tenants you want to post rent for. Under the 'Rent to Post' column, you can change the rent income amount for any tenant shown. You can automatically post late fee income, charge management fees, create a check for management fees, and a deposit for the rent - all at the same time! Or, you can post another income category, such as a rent tax receipt, or miscellaneous payment. Just click into a row if you make a change and click on a different row to save your change. It's that easy!