FAQ > Tracking Rents on Worksheet

How do I enter overdue rent?

If a tenant’s lease information has been entered, SimplifyEm.com Property Management Software can track how much the tenant is due.
(See ” Will SimplifyEm.com Property Management Software tell me my tenant is overdue? ” for details)

For example, your tenant pays the rent for May 1st on June 2nd. To enter this overdue rent, follow these steps:

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

2. Enter the amount you received under the month you received it. In our example we received the rent for May,due on the 1st of May on June 2nd.

3. Once you have entered the amount received in June, click on the calendar icon(as shown in the above image) next to the cell and a new window is opened. Here you can change the date you received the amount and also edit the amount if needed. (As shown below). Click on the Allocate link.

4.Clicking on the Allocate link next to amount cell opens up a new window where you can allocate the rent amount and the late fees if any to the respective months.

See details on “How do I record Late Fees?”

In our Example if we scroll up a little we can allocate(manually enter) the $1000 as rent for May and the $200 as Late Fees for May. Click on Save you will be redirected to the previous window. Click on save again and the entry is saved.
Note: Here the Payment Date on the top shows the date the amount was actually received(06/02/2014) and the amount is allocated towards May rent and May Late Fees

5. Now if you go to Tenant Balance History page for that particular tenant you will see that for the month of May the Due will say 1200.00 Received will say 0.00 (since nothing was received in that month) and Balance will also say 0.00. If you click on the blue arrow next to Balance and expand it, you will notice the allocation will say how the amount got allocated towards May rent and late fees.