FAQ > Tracking Rents on Worksheet

How do I enter rent transaction for the initial month of a lease that starts mid-month?

SimplifyEm.com Property Management Software allows you to enter a partial rent payment from a tenant whose lease starts mid-month, and prorate the remaining rent due that you will not be collecting.

For example, you have entered a lease that begins 15th of June, with the rent due date of 1st of every month.

1. Enter the partial rent received for June in the cell.

See “How do I enter partial rent payments that I receive?” for details.

 

2. Since you will be receiving only part of the rent amount for the month of June, you need to let SimplifyEm.com Property Management Software know that the remaining rent will not be collected. In SimplifyEm.com Property Management Software, the Tenant Balance History page for this tenant will show the month of June as overdue, as the system is still expecting partial rent for June. You will be required to change this rent amount so that it does not show up as overdue.

3. SimplifyEm Property Management Software saves the partial payment and calculates the remaining balance due. To view the remaining balance, go to the Tenant Balance History page under Tenants tab and you will see that the Due shows 100.00 Received shows 50.00 as the partial payment received and the remaining balance still shows 50.00 in red.

4. To make this balance 0.00, click on the arrow next to Due and expand it(like shown in the above image). Now under June click on the amount 100.00(blue and underlined). A new window opens and you can change the amount here and save it. In this example you would change the amount to 50.00.

Once you save and come out of that screen you will notice in the Tenant Balance History page that the balance now is 0.00 for the month of June.