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How does the Gross Potential Rent (GPR) automated month-end journal entry work?


The video is at the bottom of the page.

Instruction

During Change Current Period, the following Journal Entries to income accounts will be performed automatically by ResMan:

 

Note: If Delinquent Rent & Previous Rent Paid are not setup in Admin > Settings > GL Accounts, the rent account will not be brought all the way up to Market Rent (GPR) for Cash basis accounting.

Note: Vacancy Loss - If any units were "Down", "Admin" or "Model" on the 1st of the month, the Vacancy Loss for those units will display in the appropriate Vacancy Loss GL account(s).

Note: You can run the Post GPR Journal Entry as many times as desired for a month. It will remove the prior entry and create a new calculation each time.

 


NEED MORE HELP? WATCH THIS VIDEO


Video too small? Click the Full Screen link on the lower right of the video!

 

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