Property expenses can be added from Property Tank, or allocated directly from Bank Feeds.
This article will explain how to:
Add cash expenses from Property Tank
Add expenses from Property Tank which can be matched with a bank transaction (from Bank Feeds) when paid in the future.
To get started, navigate to Property Tank, select your property, and then the 'Manage' button.
From the property page select the 'Expenses' tab, and then the 'Add' button.
Step 1 - Select the Expense Type
From the Add Expense pop-up, the first step is to select the expense type. You have two types to choose from;
Bank Feed - For transaction which will be paid from your bank account later
Cash - For expenses paid by cash
Step 2 Complete the Payment Details
Enter Description - What the item is (for example, Jan to Mar Council Rates)
Payment Amount - The cost including any merchant charges (if payable)
Transaction Date - The payment date, or due date if it's being paid later
Category - Start typing to search and select the category (ie. Council Rates)
When you're done, press the 'Save' button to confirm.
Transactions added with expense type Bank Feed will be available to match from your account transactions when the payment is made. For more information check out article: