Property Beginning Balances

After having entered a property into your data file, you may need to enter beginning balances for the financial records of the property. 

To do so; click on the Begin’g Bal button at the bottom of the property window, then the Beginning Balance window will be displayed.  Information entered within this window will create a simple journal entry that reflects beginning balances for each account.  Typically, accounts such as Cash and Security Deposit Liability will have beginning balances that need to be recorded when you start using Tenant Pro 7.

1. If you are already in the property window, proceed to step 3, otherwise continue to step 2.
2. From the toolbar, select the Properties List icon and select the property from the Properties List.
3. Click the Begin’g Bal button at the bottom of the window.
4. Choose the date of the transaction.
5. Enter the appropriate balances for the general ledger accounts you desire.
6. Click the green Save checkmark at the bottom of the window.