Credit Card Expenses (Legacy)
This help article contains instructions for the Legacy Version of Rentec Direct. More information about the latest version of Rentec Direct can be found here: The Remodel | Rentec Direct’s Newest Software Update
The property management software allows you to track your credit card purchases for property expenses easily.
Create a Credit Card Vendor Payee and Bank Ledger
In your Rentec Direct account:
- Click on the Settings tab.
- Click on Manage Vendors & Payees.
- Click on Add New Vendor.
- Add in your credit card as a vendor and click the Add Vendor button.
- Click on the Accounts tab.
- Click on Add an Account.
- Use the drop-down option and select Credit as the account type.
To Post a Credit Card Purchase
- Click on the Properties tab (or Account Tab if you need to post an expense as a split transaction).
- From the expense type drop-down select Credit Card.
- From the bank drop-down option, select the credit card account used.
- For the Payee description box, assign the expense to the credit card vendor you created.
Paying Your Credit Card Bill
In your Rentec Direct account:
- Click on the Accounts tab.
- Click the Red Dollar Sign [$] on the bank ledger you're using to pay the credit card bill.
- Keep the Property as 'NONE'.
- Choose the vendor/payee assigned to this payment as the credit card vendor you created.
- Enter the total Amount you are paying towards your credit card balance.
- Click the Post Expense button to save.
To Pull a Report to View Detailed Individual Purchases
- Click on the Reports tab.
- Click on Financial Reports.
- Choose the Credit Card from the Choose Account option.
- Use the Date Quick Select or enter a custom date range.
- Select an Account Ledger Report to view details in individual purchases you've made with your credit card.
To Pull a Report to View Total of All Credit Card Payments Made
- Click on the Reports tab.
- Click on Financial Reports option.
- Choose the account that you used to pay your credit card bill from the Choose Account option.
- Use the Date Quick Select or enter a custom date range.
- Select the Vendor Ledger report and select the credit card payee you created to view credit card statement payments.