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. 

For example, you might pay a vendor with one payment for the work done at multiple properties or receive a payment from a tenant for multiple income categories and the split transaction option makes this an easy task. 

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:

  1. Click Tenants
  2. Using the filter in the upper right corner, locate the Tenant
  3. Right click next to the Tenant and select post income or simply click on Post Income from the Tenant Profile Card to the right
  4. Complete the payment details
  5. In the lower left corner of the transaction, click on Split Transaction

    Split Transactions
  6. Click Add Another Line to add lines as needed

    Split Transaction

  7. Under Management Fee, check the box for transactions that result in a fee
  8. Click Attach Files, if there are documents to be attached
  9. Post Income

Note: To delete a line, click on the garbage can to the right

System Advice: Using the category "100 Tenant Security Deposit" will move that portion from the Tenants ledger to the Tenants Security Deposit ledger

If new categories are needed, click here for details: Setting Up Categories (Chart of Accounts)

Post a Split Transaction (Expense)

To split an expense transaction you will be using the Batch Income and Expense Transaction Tool. Information for entering batch transactions can be found here: Batch Income and Expense Transaction Tool

Deleting a Split Transaction

While in the Batch Income & Expense Transaction tool, use the red trash icon on the right to delete any unused lines. Additionally, before you are able to delete a split transaction, you first will need to edit and delete the added split line(s) before the entire transaction can be removed in Delete Mode.

Information on how to delete a transaction can be found here: Edit, Correct, or Delete Transactions

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