The Leaseze Property Management system does not expect 95% of our users to understand double entry bookkeeping. We do provide GAAP complaint accounting.


Therefore we cannot provide total flexibility with GL Account selection and debit and credit choices.


Instead we drive the accounting features by use case and single row visibility to each transaction ID. In the program logic each transaction ID has the correct debit and credit post to the correct GL Account.


We provide the following accounting use cases:


  • Create rent revenue
  • Post rent as an accounts receivable 
  • Post rent as a cash transaction as paid rent
  • Post rent as an accrual transaction from accounts receivable to the bank
  • Create property expenses
  • Post an expense as accounts payable
  • Post an invoice as a cash transaction as a paid expense
  • Post an expense as an accrual transaction from accounts payable to the bank
  • Post rent late fees as an accounts receivable
  • Post rent late fees as an accrual transaction from accounts receivable to the bank
  • Post deposits as a liability
  • Post deposit refund to tenant
  • Post year end expense as mortgage interest
  • Post year end expense as depreciation
  • Post year end expense as property taxes
  • Increase bank balance as owner contribution
  • Adjust bank balance as adjustment to income
  • Adjust bank balance as adjustment to expense