Owner accounting: the ledger

Go to Owners, open an owner, and choose Ledger. You see every entry with a running balance and totals for income, expenses, fees and distributions.

1. Click Add entry and pick a type: rent income, expense, management fee, distribution, adjustment or other.
2. Enter the date, description and amount (a credit to the owner is positive, a debit is negative).
3. Record the method (EFT, e-transfer, cheque, cash) and a reference, and optionally tie it to a property.

• Import rent pulls rent-collection entries straight from the property’s rent payments.
• Post fees calculates and posts management-fee entries from each owner’s fee setting and the rent collected in the period.

The ledger records money in and out for reporting — it does not move real funds. Distributions you pay an owner are recorded here so the balance and statements stay accurate.