Property Starting Balance

If your property has a balance owing or a credit that you wish to reflect on the property ledger, you will want to post a manual charge or credit to the ledger.  

After moving your tenant into their property, to reflect a starting balance:

  • Go to Settings > Setup Categories > Add Category and create an "other" category for "Starting Balance". If you do not want to categorize the beginning balance leave it "uncategorized".
  • Go to the Properties tab and find your property.
  • Click on the red dollar sign to post a negative balance or the green dollar sign for a positive balance.
  • Adjust the date you wish the transaction to be listed in the ledger.
  • Be sure to keep the bank account and tenant at "None".





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