Entering Split Transactions
A split transaction allows you to make one entry on a ledger for a total amount that will show on individual ledgers in separate amounts.
An example of when you might need to enter a split transaction is when you receive a payment from a tenant for multiple income categories.
System Note: When entering a multiple line transaction such as payments from HUD or paying a vendor for work on multiple properties, try using the Batch Income and Expense Transaction Tool
Post a Split Transaction (Tenant Payment)
Posting a tenant payment as a split transaction allows those funds to be applied towards multiple income categories such as rent, late fees etc
In your Rentec Direct account:
- Click on Tenants
- Click on the tenants balance to enter the ledger
- Click on Post Income
- Complete entry for one of the categories
- Click on Split Transaction
- Complete entry for next category
- Click on Add Another Line to add lines as needed
- Under Management Fee, check the box of transactions that result in a fee
- Click on Attach Files, if there are documents to be attached
- Click on Post Income
System Advice: Using the category "2010 Tenant Security Deposit" will move that portion from the Tenants ledger to the Tenants Security Deposit ledger
✨ Tips
Rentec Direct makes it easy to access ledgers for all devices by offering various ways to access them.
- Click directly on the balance
- Select View Ledger from the menu that can be accessed by
- Right-click next to the property, tenant, bank account, or owner and select View Ledger from the menu
- Click on the 3 dots to access the menu
- Double click on the subject
- for Mac users, control-click
- Within the ledger there are several ways to access the edit/delete option
- Double click on the transaction to make necessary changes or click on Delete Transaction
- Click on the paper/pencil icon
- Right-click on the transaction line