Rentec has built-in support for posting recurring transactions. Examples of common recurring transactions would be:
- An automatic charge to a tenant each month for a service other than rent
- An automatic expense posted to a property each month for a vendor
To setup an automated expense for a tenant, visit the tenants tab and click the red dollar sign shortcut to post an expense. Within the post expense panel, choose the ‘recurring’ checkbox and specify the frequency and begin date. In the example shown below a charge for $50.00 will be posted to this tenant monthly beginning 5/1/2011 for Garbage Service. This will display as a separate line-item on their statement.
To post a recurring expense on a property, follow the same steps, just begin on the properties tab.