Add or Edit Recurring Income
Income is rent or other money paid by a Tenant for the use or occupation of a Property. You can set income up as Recurring Income payments
, payments that reoccur on a regular basis.
Add a New Income Item
- To add a new Income item, go to the Properties or the Income screen.
- Click on the Add Income button .
- The Income Details screen displays.
- Complete the Income Data by typing or selecting the information into each field.
- If a data field is yellow, that data is required for the Income record. If a data field is white, that data is optional.
- When all the data required/available is entered, click OK.
- The Income data is saved. The Income is assigned to the selected Property and displays in the Income screen. It is also included in Reports.
Edit a Recurring Income Item
- To Edit an Income item, go to the Income screen .
- Find and select the Recurring Income item in the Income list.
- Click the Edit Income button .
- RPM asks if you want to:
- Edit one occurrence of the income
- Edit the entire series of occurrences of the income
- Cancel editing the income.
- Select your option.
- The Income Details screen displays.
- Edit the details, then click OK. The changed Income data is saved.
Recurring Income Details Screen Values
- Tenant - Select the Tenant who pays the Income.
- Category - Select the Category of income.
- Amount - Amount of the Income expected on this date.
- Add Payment - Check this box to note that this is expected as a regular payment from this tenant. This will be used in calculating monies due.
- Reference - Invoice number, check number, or other reference for the Income.
- Starts - Date when the Income began to be paid.
- Repeats - How often the Income repeats. Click the icon in this field to edit the repeat frequency.
- Active - Check this box if the income is active, i.e., currently being received.
- Notes - Enter any notes about the Income.
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