Objective:
This guide will show you how to accurately add a charge to an owner's account in PropertyStack, ensuring all expenses are properly logged and allocated.
In this Article, You Will Learn How to:
Navigate to the Ledger section in PropertyStack.
Choose the appropriate account.
Add a new charge and allocate it correctly.
Step 1: Access the Owner's Ledger
Log into your PropertyStack account.
From the sidebar, select "Trust" and then click on "Ledger" from the expanded menu.
Step 2: Initiate a New Charge
On the ledger page select "transfer"
A new window or form should appear, where you can input the charge details.
Step 3: Enter Charge Details
In the charge detail form, enter the date, description, and amount of the charge.
Assign the appropriate code, if applicable, to categorize the charge (e.g., maintenance, cleaning, utilities).
Ensure that all details are accurate and reflect the reason for the charge, as this will be recorded in the owner's financial statements.
Step 4: Confirm and Apply the Charge
Review all details to ensure they are correct.
Click "transfer"
The charge should now appear on the ledger, reducing the owner's balance accordingly.
Conclusion
Adding a charge to an owner's account in PropertyStack is a straightforward process. Accurately recording each charge ensures that all financial transactions are transparent and accounted for, maintaining trust between the property management company and the property owners.