Property and Tenant Accounting (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
Rentec Direct property management software gives you the ability to individually track every accounting detail for each property, tenant, bank account, and owner ledger transaction through the tabs in your program.
Understanding the Properties Tab
From your Properties tab, you will see a complete listing of all your properties and their balances with icons on the right to post income and expenses.
The property balance is also a clickable link to the detailed ledger for this property.
The property ledger provides detailed transactions associated with this property along with links on the top to post new income or expenses to this property.
Notice the search and date range filters at the top of the ledger are available. More information on searching options can be found here: Ledger Date Selection and Searching Within Rentec Direct
Understanding the Tenants Tab
The tenant balance and ledger is located through the Tenant tab and you'll have a similar view in their ledger. You can record payments received or post manual charges by using the red or green dollar signs [$] or within specific tenants ledger you'll find buttons for those options.
Also within a specific tenant ledger, you will also find an On Deposit button that is linked to the accounting of the tenant's security deposits.