Propertyware Knowledge Base

Category » Banking

There were 11 articles found in this category:

1. Banking Module Overview
   The Banking Module Propertyware's Banking module helps you to manage your bank deposits, view a ledger for each of your bank accounts and reconcile them to match with you bank statements. The Banking module is comprised of three sections: Bank Deposits Bank Ledger Reconciliation
2. Bank Deposits
   Bank Deposits allow you to group payments by a bank account, create a deposit slip, and record the date when the money was deposited at your bank. Once tenant payments, other income, and owner contributions have been included in a Bank Deposit and marked as closed, they are eligible for reconci ...
3. Bank Ledger
   The Bank Ledger feature in the Banking module allows you to view all transactions in and out of a designated bank account. Use the Bank Ledger to view a summary of the bank balance for any designated timeframe, with tools to drill down into the details of the individual transactions. In additio ...
4. Journal Entries (Banking)
   Description Journal Entry Money Between Accounts Editing Journal Entries Description Propertyware allows you to create journal entries to move money between two accounts in the chart of accounts. A journal entry takes the following format: Date Accounts Debit Credit mm/dd/yy Account to be d ...
5. Bank Reconciliation
   The Reconcile feature in the Banking Module enables you to reconcile your bank statement with transactions in Propertyware. This process may be performed as often as desired, but typically will be performed once a month when you get your bank statement. The reconciliation module is available o ...
6. Recording Retained Earnings via Journal Entry
   Recording Retained Earnings via Journal Entry Even if your company does not have all of its historical financial information stored in Propertyware, it can still set an accurate starting amount for the Retained Earnings GL account via a Journal Entry. This Retained Earnings amount will then be ...
7. Budgeting
   Description Propertyware now allows you to track a projected budget across general ledger accounts. This feature makes it possible to project your anticipated budget while accounting for projected increases over time. You can also run reports on the data so you can compare actual to esti ...
8. Printing Deposit Tickets
   Propertyware allows you to print a deposit ticket with or without a MICR line. This feature is designed to make the banking process easier. Adding the MICR Line An Administrator must first add the MICR line to the bank account in your chart of accounts. 1. Click the Setup link in the up ...
9. Uploading Bank Statements (for Reconciliation)
   Description When reconciling, you are able to upload your bank statement directly to Propertyware. Steps 1. Download the (.qfx) statement file from your online banking tool and save it to your desktop. 2. Navigate to Banking > Reconcile and begin access an existing or begin a n ...
10. Creating Stand Alone Checks
    Description Creating a New Check Editing/Deleting an Existing Check Money Out –Checks Report Description Propertyware offers the ability to record individual checks against vendors, owners, or customers. This feature provides an easy way to log a payment in Propertyware without cre ...
11. ePayment Batch Feature
    The ePayment batch feature simplifies the manner in which electronic payment transactions appear in the bank reconciliations section of Banking. This feature displays all settled electronic payment transactions as a sum total, with the option to expand the batch and review all individual it ...