Adding Sales Tax

If you are required to charge a sales tax the Rentec Direct software provides an easy way to post a single charge or a recurring transaction. 

Charging Sales Tax

Whether a single tax charge or recurring, both begin in the same manner. 

In your Rentec Direct account: 

  1. Click on the Tenants tab.
  2. Click on the Red Dollar Sign [$] 

Tenants Tab Add Charge Red Dollar Sign Icon

Create a One-Time Tax Charge

From there, to create a one-time tax charge, continue with these instructions to add in the transaction details.  

In your Rentec Direct account: 

  1. Add the tax amount being charged.
  2. Add a memo (ie: sales tax, quarterly tax, etc.) on the memo line.
  3. Leave the recurring option unchecked. 
  4. Click Post Charge to save your settings.

Create a Recurring Tax Charge

Once on the transaction details, after you've entered the amount and memo, you have the option to configure as a recurring transaction on that same transaction details section.

In your Rentec Direct account: 

  1. Check the Option Recurring box, and then: 
    1. Set the frequency of how often the tax should be posted to the ledger. 
    2. Set the begin date for the next and subsequent tax charges. 
  2. Click Post Charge to save your settings

Note: Whenever charging a tenant, we recommend leaving the Category field set as a 110 Charge. Categories withing the software were designed for charges related to Properties, so we've created the 110 Charge specifically for these additional charges related to Tenants.

Adding Sales Tax

Note: If your accounting default setting is set to charge rent "x" amount of days before the due date and you want both charges to appear in the tenant ledger in advance, be sure that your transaction has a begin date prior to the rent due date as well. 

The Result of the Above Recurring Sales Tax Charge as shown in the Tenant Ledger

Tenant ledger view of a recurring charge

Did this answer your question? Thanks for the feedback There was a problem submitting your feedback. Please try again later.