Property Starting Balance

When first starting your Rentec Direct account it's important to have your property ledger balance with a correct starting balance from your previous system or process. Regardless if your property has a balance owing or a credit that you wish to reflect on the property ledger, you will be posting a manual transaction to reflect that debit or credit on the ledger.

It is recommended that you first create a new category for Starting Balance. If you do not wish to categorize these types of transactions, you are welcome to use the system uncategorized option.

More information can be found here: Setting Up Categories (Chart of Accounts)

Posting a Property Starting Balance

After you have created the new category if desired, adding a property starting balance is simple. 

In your Rentec Direct account:

  1. Click on Properties.
  2. Click the Red Dollar sign to post a negative balance or the Green Dollar sign to post a positive balance.
  3. Adjust the Date you wish the transaction to be posted in the ledger.
  4. Keep the Bank Account and Tenant as NONE so that this starting balance does not affect those ledgers.  
  5. Click Post Income to save.

Starting Balance transaction




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