Property Management, Tenant Selection, Real Estate News & Tips

Deposit Receipts Functionality Improvement

By on March 8, 2015 in Product Updates with 15 Comments

pile_of_receiptsBack in January we announced some improvements to tenant receipts.  We’ve just introduced a small update to this system today which now creates receipt numbers in a sequential fashion.  This means you can count on your receipt numbers being sequential, just like a traditional receipt book.  Beginning March 9th, 2015 all new payments received will be tagged with a unique and sequential receipt number beginning with 1000.   All payments prior to March 9th will have the old receipt number which was equal to the transaction ID.  To identify old vs new receipt numbers, the old numbers have an asterisk (*) next to them.

Why all the fuss about sequential receipt numbers?   The need for sequential numbers is primarily for auditing purposes.  It’s easier to keep track of receipts and account for them if you can calculate them in order and it’s easier to review them in order if they are sequential.  Basically, we’re just trying to make your life easier in the event you have to review your income to this level of detail.

We expect to introduce a new report in the near future which will be a receipt ledger to quickly print out a list of receipts for a property or account, with their affiliated receipt numbers.  Stay tuned.

During this weekend update, we also slipped in a couple performance and graphical improvements.  Just for fun; the first one to identify any of these improvements, by posting a comment on this blog as to what they are, will be rewarded with a code for 3 free premium tenant screens ($88.35 value).  One reward for each improvement identified.

UPDATE 03/09/2015 – The “Receipt Register” report is now available within the Financial Reports tab.

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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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There Are 15 Brilliant Comments

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  1. Scott Sklare says:

    the graph on the summary screen is animated! do I win?

    • Nathan says:

      Hi Scott,

      Great eye! I’ll be sending you an email tomorrow with a promo code for 3 free premium reports.

      There’s still a couple more improvements out there, anybody else have some ideas?

  2. Dan Mouton says:

    Dots added to month intervals in occupancy graph

  3. Dan Mouton says:

    New icons added to settings functions

    • Nathan says:

      Not yet, but we will be introducing a new forms engine shortly which will allow you to create custom forms with dynamic variables like %first_name%, %rent_amount%, which you can print/save as PDF and/or send to Docusign for electronic signatures. Keep an eye out for this one, we’re hoping to release it within the next few weeks.

  4. pie chart is now vertical instead of horisantal

      • Dan Mouton says:

        Typo…not illiterate

      • Nathan says:

        You got it Allan, that’s part of the graph reporting engine improvements. The graphs now draw directly in the browser using cool new HTML5 technologies (rather than the old ones which were image based). We expect this new graph engine will open up possibilities of using them in more locations through the application in the future too. I’ll email you with info on how to get those reports shortly.

  5. Nathan says:

    There’s one more feature we introduced that is eligible for free screening reports. Any more guesses?

    Hint: It’s more noticeable for subscribers with 500+ properties being managed with Rentec Direct.

  6. david says:

    The most valuable thing I think you can do is add the amortization for loans on there. even if we have to load or type it in a table or something. Let us track lending principal, vs. interest vs. PMI. Once that is able to go in, we can start doing forecasting and budgeting. This will set the stage for advanced reporting, budgeting, and enable horizontal economic analysis.

  7. Nathan says:

    Well, I know I said you could expect a receipt register report in the “near future” just yesterday; however, our developers are shining this week. I’m pleased to report the report is already available within the Financial Reports tab. Check it out!

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