FAQ > Tracking Rents on Worksheet

How do I enter a rent transaction for rent I collected early?

SimplifyEm.com Property Management Software easily allows you to allocate rent payments that you may have collected early from a tenant.

For example, you collected a rent check of $2000.00 for both July and August (for a $1000/month lease) on 1 st July because your tenant is going out on a vacation. To enter this transaction, you would:

1. Go to the property on the worksheet which has the tenant row.

2. Select the month you received the rent in. In this example, it is the month of July. Enter the rent payment you received in the July cell and tab out and click on the calendar icon. This will open a new window.

 

3. Clicking on the allocate link, will open the Allocate window and when you do this, SimplifyEm.com Property Management Software will allocate $1000 to July rent by default and the remaining $1000 will be unallocated. To allocate the remaining $1000 to August Rent, go down to the next row which has the August date and click on the blue amount link and enter the remaining 1000.00.:

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4. In the View Tenant Balance History Page expand the Rents Received section, and you will notice that under the month of July, $2000.00 has been recorded. Click on this link.

 

5. This will open the ‘Allocate Rent’ window. SimplifyEm.com Property Management Software will allocate $1000 to July rent by default and the remaining $1000 will be unallocated. To allocate the remaining $1000 to August Rent, go down to the next row which has the August date and click on the blue amount link and enter the remaining 1000.00.

>6. Once you save the rent allocation, SimplifyEm.com Property Management Software will show the amounts allocated under the appropriate months under the Balance Due section when expanded: