My Rental Management LLC

Accounting set up 2

• Requirements for accounting set up
• Accounting is limited without tenant

Features of accounting 1

• Leaseze.com property management accounting system features

Accrual Accounting 8

• How to - Accrual accounting
• What Is Accrual Accounting?
• Use Accrual Accounting for Rent Payments
• Use accrual Accounting for Expenses
• Late Fee accural accounting

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Cash Accounting 4

• Cash accounting does not respect money owed but not paid
• What Is the Cash Method?
• Use Cash Accounting for Rent Payments
• Use Cash Accounting for Expenses

Property Journal Accounting 2

• Leaseze Property Management Accounting - Property Journal
• In a normal accounting system there is a general ledger

Rental Deposits 3

• There is tenant deposit management in the Leaseze.com Property management accounting
• Posting the lease deposit
• Trust accounts

Adding a nick name bank 3

• Every property has a bank assigned
• Create a opening bank balance
• Correcting a bank balance

Accounting for Rent Payments 5

• Paid rent as cash accounting
• Post a Rent Payment Due
• Post a Rent Payment Accrual Accounting
• Rent payment can only be posted if tenant is set up.
• Rent payments cannot be made on a vacant property

Accounting for Property Expenses 3

• Paid expense as cash accounting
• Post a Expense Payment Due
• Post a Expense Payment Accrual Accounting

Deleting a transaction 1

• Our system reverses a transaction and never deletes them

Year end tax accounting 7

• Depreciation
• Mortgage interest
• Property tax
• IRS Schedule E data
• Schedule-e generation

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Invoicing 1

• We recognize revenue for accrual accounting

Accounts Receivable and Tenant Statement 3

• Accounts Receivable
• Tenant Statement
• Accounts Receivable in the context of Property Management

Accounts Payable 1

• An Accounts payable tab is found under Accounting

Revenue and other Income 3

• Types of Revenue
• Revenue tracking and recognition
• Accounting for other fees and charges

Expenses and paying bills 2

• Expenses
• Accounts payable and paying bills

Adjusting bank balance 2

• Opening Balance
• Bank balance adjustments

Income Statement 1

• Profit and Loss

System blocks activity 2

• System blocks bank re-assignment - or deletion
• System blocks Rent Revenue when a lease has ended

IRS Schedule E report 1

• Year end tax statements

Xero connect 3

• Why Xero Connect?
• How is Xero connect free?
• Property Journal is the data we transfer

GL Accounts 1

• Users choice of GL Accounts

Accounting Virtual Assistant 1

• We will post accounting transactions for you

Reconcile Bank 1

• How to reconcile your bank account with the Leaseze accounting system

Tenant Journal 2

• Getting starting with a Tenant Journal
• Tenant Ledger