For various reasons, you might find that you want to discount a tenant’s monthly rent charge. There are a two different methods for reflecting discounted rent in the program.
The quickest way to adjust your tenant’s ledger balance, would be to adjust the individual rent charge for the month by editing the transaction in the tenant ledger. For example, if your tenant’s rent is $1,000 and you are reducing their rent by $100 for lawn care…
Here is the ledger PRIOR to adjusting
To adjust this charge, click on the edit icon next to the $1,000 balance and adjust the charge amount to be the amount AFTER the $100 discount and add a description of the discount in the “Display As” field. This note will appear in their ledger.
Transaction in EDIT mode.
Adjusted ledger charge
If you prefer seeing the charge and the discount reflected in the ledger separately, you will want to skip editing the rent charge transaction as described above, and instead create a new charge transaction for your tenant for a negative amount. In this case, -$100.
Tenant ledger after posting a negative expense transaction