Assign Default Income and Expense Accounts to a Property

Assigning default income and expense accounts automates your accounting, saving time and ensuring accurate accounting.

In your Rentec Direct account: 

1. Click Properties
2. Right-click on the property and choose Edit Property 
3. In the Financial section:
   1. Use the dropdown to select which Income Account all credits posted to the property, and linked tenant, should default to (ex., rent payment received from a tenant placed in the property will automatically post to the tenant, linked property, and assigned bank ledger)
   2. Use the dropdown to select which Expense Account all expenses posted to the property and related work orders should default to (ex., expenses posted to the property or the property's work orders will automatically post to the property, the assigned bank ledger)
4. Update Property

System Note: When updating multi-unit properties, edit the Primary property to quickly update the Primary property and subunits at the same time.