How do I record payments received by Section 8 or another government subsidy?
First you can add a new income category. Go to File and choose Chart of Accounts. Name the category Section 8, HUD or whatever. Then when you set up the recurring charges for each tenant, add a second charge for the amount the subsidy pays. What the subsidy owes will now show up on the Tenants Income Form as a charge on a regular basis. Just collect it as you would any other charge. You will be able to get an Income Category report showing totals paid by the subsidy. I increased rent for a particular apartment. I changed rent in tenant folder. In the Income Form under the tenant, it stays as the old rent. I’ve closed all folders, rebooted but still does not work. RentRight will charge up through when it is supposed to (example May) then if you go back to change the rent amount, the May amount will still be sitting in the Outstanding Charges box and dated May. Any new charges (June) will have the new amount. The system remembers the last date that was charged and it will not charge agai
Related Questions
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- How do I record payments received by Section 8 or another government subsidy?
