Property Management, Tenant Selection, Real Estate News & Tips

Chart of Accounts / Account & Category Sorting

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.

Tags: , ,

About the Author

About the Author: Nathan is the founder of Rentec Direct and has been pushing buttons at Rentec since 2008 when the first of many servers drew the very first kilowatt of power from the grid. 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 or enjoying a ski day at Mt Bachelor! .

Subscribe

If you enjoyed this article, subscribe now to receive more just like it.

Post a Comment

Top