Property Management, Tenant Selection, Real Estate News & Tips

Chart of Accounts / Account & Category Sorting

By on October 31, 2010 in Product Updates, Rentec Basic, Rentec PM, Rentec Pro with 1 Comment

One of our goals at Rentec Direct is to make your property management easier! A lot of property managers and CPAs are accustomed to using a chart of accounts to manage their categories and accounts. It’s an accounting standard. We’ve always had full support for this standard; however, we omitted the numeric values in the past. To better comply with accounting standards, and also provide a familiar look and feel to property managers familiar with other applications such as Quickbooks we’ve added support for an officially numbered chart of accounts.

One additional, and very compelling, benefit of this is you can now define your account reference numbers for both bank accounts and categories. Reports and pages within the site are sorted by these reference numbers, so along with properties, you now have full custom sorting capabilities for all accounts and categories now.

categories

This is a free upgrade for all Rentec users.  The next time you login, numeric values will be assigned to all your categories and accounts automatically.  To edit them, visit Settings, Setup Categories (may be renamed to Chart of Accounts someday soon).  To edit account reference numbers, edit the account and the reference number option is in the upper right.

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About the Author

About the Author: Nathan is one of the founders of Rentec Direct and has been with the company since 2008. He has a passion for application security and spends an incredible amount of time ensuring your data is protected. When Nathan is not day-dreaming about 1's and 0's, you may also find him "tuning" the development schedule to get that next big feature in your hands sooner! .

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