Mystery Box
If you want GPR figures to post to reports such as the General Ledger or Income Statement you will need to post these.
What is a GPR Journal Entry?
This feature is used to split up the cost of a Utility Bill in a MFR without submetering
What is RUBS
This represents the Management Company business
What is a corporate entity
Customers should use this feature if they have expenses that come out of a separate bank account
What is dual operating
The success setting to "Enable Collection of Management Fees on Prepayments" is an important step in enabling this accounting setup
What is setting prepayments as income?
You can enable Payroll automation here
What is nowhere! It's not supported in AppFolio
This feature included for Max customers (V+ for everyone) allows customers to make informed decisions about pricing vacant units.
What is Leasing Signals
Delinquency, Concessions, Vacancy, and Loss to Market are all reasons why the full amount of this was NOT received per month.
What is Gross Potential Rent (GPR)?
(Market Rent is another acceptable answer)
Corporate GL accounts can be found here
What is Accounting > GL accounts > Corporate Chart of Accounts
Customers will do this so prepayments are no longer subtracted out of the Available Funds Calculation
What is change the prepaid rent GL to an income account
These are 3 unique transactions that stem from the feature handling Suppressed Fees at Move Out
What are -
1. Tenant Credit: amount of any unpaid suppressed charge from same GL accounts.
2. Tenant Payable Credit: amount of the suppressed fee(s) from the same GL accounts.
3. Bill to PMCO: from the suppressed fee GL account(s); created through the move out flow.
This represents transactions owed to the corporate entity
What is a corporate charge
Customers will use this in Leasing Signals to give their prospects price ranges for a unit based on move in date and lease length
What is a Dynamic Advertised Rent Strategy
DAILY DOUBLE!
Dual Operating is set up in this order
1. Enable the feature in Success Settings
2. Create the new Expense CASH account
3. Set Expense CASH account as a key account in Manage Accounting Settings
4. Set bank account on property page or with Success tool
These are 3 automation setting options for Corporate Accounting
What are Automate Corporate Charges, Corporate Receipts, and Intercompany Transactions