Property Management, Tenant Selection, Real Estate News & Tips

General Ledger Accounting Flow

By on December 31, 2010 in Education with 0 Comments

Training Video #3

Here is an educational video showing how the ledgers work together in Rentec Direct to automatically flow transactions to the tenant, property, owner, and bank account ledgers.  Rentec Direct automatically takes certain transactions and flows them to the appropriate accounts, such as; A tenant payment received automatically posts as income to the property and any associated owners and bank accounts.  As multiple ledgers are concerned for a single transaction, this video illustrates how the process happens.

Previous Video: (Howto Manage Tenant Deposits)

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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! .

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