You can add property expenses directly from Property Tank, or allocate them from Bank Feeds once the payment appears in your account.
This article covers how to:
Add cash expenses from Property Tank
Add future-dated expenses that will be matched with a bank transaction later
Step 1: Navigate to Property Tank
Go to Property Tank
Select the relevant property
Click the See Details button
Open the Expenses tab
Click the Add button
Step 2: Choose the Expense Type
In the Add Expense pop-up, start by selecting the type of expense:
Bank Feed – for expenses that will be paid from your bank account later
Cash – for expenses that were already paid using cash
Step 3: Enter the Expense Details
Fill out the following fields:
Description: What the expense is for (e.g. Jan to Mar Council Rates)
Payment Amount: The full amount, including any merchant fees if applicable
Transaction Date: The payment date, or the due date if not yet paid
Category: Start typing to search and select the relevant category (e.g. Council Rates)
Once everything is filled in, click Save.
Matching with Bank Feeds
If you selected Bank Feed as the expense type, the transaction will be available to match once the payment appears in your account.
For help with this, see the article How to Find & Match Expense Transactions from Bank Feeds