Absolutely! When you mark a tenant’s rent as paid, RentMaxPro will automatically send them, and you, a receipt. You can turn this off if you prefer. The receipts are all identified by paymentId and date. You can also view a receipt on any past payment at any time simply by […]
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Typically you would have a couple or maybe two friends living together, with or without children. There are two ways you can record them. If you have a couple, you can either lump them together as ‘one’ tenant, (ie. John and Jane Smith) or you can put them in separately […]
RentMaxPro is not specifically designed to be used with Quickbooks or other accounting programs. For us personally, as Landlords, it does all the bookkeeping we need, including bank statement reconciliations, saving receipts and so on, so we don’t need to use quickbooks or any other accounting software. In fact we […]
You can add both notes ABOUT tenants (that are not seen by them) and also notes FOR tenants, that can be see by them. However, they will not be notified that there is a note about them. For every tenant you can input some notes not seen by them. Each […]
Yes, you can add as many users to your account as you wish without any charge, and you can fine tune the access permisions that you grant each on of them. If you go over to the demo site you will be able to log in as a few different […]
To speed up your reconciliation you want as much as possible to be automated. Since many everyday transactions are often repeated, we can set up some automation rules while doing the reconciliation so that we only have to touch these transactions the one time. You can use these rules either […]
Unlike cheques, interac transfers, credit card payments and so, cash does not leave a nice paper trail. For some situations that might be a blessing, but if you want to keep track of your business finances, you need to keep an eye on the cash. RentMaxPro will help you do […]
The goal or reconciling is to match every transaction that is on your bank and credit card statements with an explanation of what the transaction was about. Ideally in the case of expenses one would also attach to it a receipt or invoice that itemizes the expense (i.e. what exactly […]
For many of your recurring expenses, things like property taxes, condominium fees, mortgage payments and so on, you will doubtless be using pre-authorized debits so that they get paid automatically from your bank. You won’t want to be manually entering all these expenses into RentMaxPro each month. Instead, there are […]