Landlord Opening Balances

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This program is only used when setting up the Aspect Property Manager to enter any money owed to a landlord that has been retained in your bank account for some reason, such as being held to pay for work done and the invoice has yet to be received.  It is also used to enter any balance where a landlord account is overdrawn, that is, the landlord got paid more money than they should have.  This could have been caused by such things as an invoice being entered greater than the balance in the landlord account or a tenant receipt being reversed by the bank after the landlord has been paid out at the end of the month.

Go to the Setup menu > Getting Started > Landlord Opening Balances.

Use the Navigator Bar etc to select each landlord where a balance is to be entered.

Click [Edit] and enter the balance in the box in the right hand pane.

Overdrawn accounts should be entered as a negative value e.g. "-100.00".

You may also add a text message or memo.

If you want to record details of the transactions which make up the balance use the memo field.

The balance you enter is inserted into the B/Fwd transaction record which was created by the First Period Details program.

The Setup menu > Getting Started > Landlords Opening Balances Report list all the balances and should be used to check the entries made.

Errors may be corrected by running this program again.

Where next?
Return to Initial Installation.